The Big Financial Websites Jockey For Wampum

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By Douglas A. McIntyre Published
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Stocks: (MSFT)(TWX)(DJ)(RTRSY)(RATE)(MHP)The largest financial websites in the country are fighting for traffic as more advertisers of luxury goods look to them for customers. Discount brokers and mutual funds already pay them a king’s ransom for their upscale audiences. Sites like MarketWatch are adding premium ads from products like Skyy Vodka to run alongside Charles Schwab.According to Comscore, the top financial news sites are fairly close to one another in size, which raises the issue if whether any of them can add features that might push one ahead of the pack.In October, MSN Money was in the lead position with 10.9 million unique visitors. This was a big tumble from the same month a year ago, a drop of 9% year-over-year. Next on the list is Yahoo!Finance with 10.8 million unique visitors, up 16% from the same month last year. AOL Money & Finance was slightly lower at 10.6 million, an increase of a very healthy 19% over October of last year.After the internet portals, the figures start to fall off. Dow Jones has 5.9 million unique visitors, down a sharp 19%. Forbes performed even worse. Its visitors dropped 22% to 5.1 million. CNN Money also had an audience of 5.1 million, off 13% from last year. Reuters rose 10% to 3.5 million unique visitors. BankRate was down 3% to 2.9 million. BusinessWeek rose 84% to 2.7 million. Someone at McGraw-Hill must be getting a raise.For the largest websites, the problem is offering features that the others don’t have. It my be why their audiences are so close together. All offer headlines from Reuters, AP, and other news services. All have charts and quotes. All have company profiles. And, all have personal finance sections and areas to cover bonds, mutual funds, and ETFs.At the next tier, investors find more differences. Sites like BusinessWeek and Forbes have a lot of content that is written specifically for their readers. So does CNN Money.One would imagine that the people running these properties are looking for an edge that would put one of them well ahead. The idea that one site could have 15 million unique visitors is not farfetched. If it comes up with a set of features that are not duplicated easily somewhere else.The search for a better mousetrap.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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