New York-based Dow Jones & Co., which...

New York-based Dow Jones & Co., which publishes the Wall Street Journal and Barron’s, a weekly financial newspaper, posted a first-quarter profit rise of 7.9% on a $25.9-million increase in revenue. First-quarter earnings included a gain of $29.4 million from its previously reported sale of its 18.9% interest in South China Morning Post Ltd. for $57.2 million. Overall, Dow Jones said it benefited from equity earnings from investments in affiliated companies that more than doubled during the quarter, as well as a decline in the federal tax rate.