S research and are contained inVentureSource

deal count for the year, and attracted$5.7 billion in investment. However, later-stage financings attracted far andaway the most capital with some $14.4 billion (roughly 51 of all capitalinvested) put into 901 rounds in 2008."While venture investors continued to back emerging start-ups in 2008, theywere clearly focusing their money on supporting their existing portfoliocompanies, a trend we can expect to see until the recession bottoms out," saidMs. The San Francisco Bay Areaattracted the bulk of the state's venture investment with 848 deals garnering$11.2 billion, up 4 from the $10.8 billion put into 888 deals in 2007 and theregion's highest investment total since 2001.In other regions, the data showed that:New England attracted $3.4 billion in venture capital with 328 deals,19 less than 2007 when $4.2 billion was put into 377 deals.For the first time since 2003, Southern California saw its annualventure investment fall, down more than 18 to $3.2 billion as theregion saw only $422 million in investment in the fourth quarteritsweakest quarter in more than 5 years.The New York metropolitan region saw investment climb 11 to roughly$2billion in 2008 with 201 deals completed.Washington State saw venture investment fall below the billion-dollarmark for the first time since 2005 with $906 million put into 93deals,down 35 from the $1.4 billion invested in 124 deals in 2007.Bucking the national trend, Texas recorded its best quarterlyinvestmenttotal since 2001 with $505 million garnered in the last quarter of theyear. Even so, its annual investment total fell 11 to roughly $1.2billion in 2008.Investments in Potomac-area companies fell 9 to $998 million in 84deals in 2008 from $1.1 billion in 110 deals in 2007.The investment figures included in this release are based on aggregatefindings of Dow Jones' proprietary U.S research and are contained inVentureSource. This data was collected by surveying professional venturecapital firms, through in-depth interviews with company CEOs and CFOs, andfrom secondary sources.

These venture capital statistics are for equityinvestments into early stage, innovative companies and do not includecompanies receiving funding solely from corporate, individual, and/orgovernment investors. No statement herein is to be construed as arecommendation to buy or sell securities or to provide investment advice.About Dow JonesDow Jones & Company () is a subsidiary of News Corporation(Nasdaq: NWS, NWS.A; ASX: NWS, NWSLV; ). Dow Jones is aleading provider of global business news and information services. Its Enterprise Media Group includes DowJones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes andDow Jones Financial Information Services. America's Leader in Outdoor TV Creates One Stop Shop for High-Quality OutdoorExperiences Matching Consumers with Professional OutfittersVisit Outdoor Channel at SHOT Show - Booth 1661TEMECULA, Calif., Jan. "In addition to theexciting perks, the program also offers our viewers more confidence whenselecting an outfitter that has the Outdoor Channel seal of approval."Designed for professional guides, Outdoor Channel Outfitters features apolitical organization, marketing resources and a benefit program all rolledinto one.The association is open to lodge operators, charter captains,business owners, guides and outfitters who meet the certification criteria.

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