The multimedia division of Dow Jones & Co. announced it has created the first on-demand video news service that delivers full-motion pictures and sound to traders' desktop computers.

The on-line service, called Dow Jones Investor Network/On-Demand, is an extension of the media giant's video news service that broadcasts live and recorded business news to financial industry professionals. The video news service was launched in 1993; the additional service, last week.

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