NEW YORK - Dow Jones & Co, the media company, plans to acquire full ownership of SmartMoney magazine, buying out Hearst Corp's 50 percent stake in the publication, it said on Tuesday.

Dow Jones, partners with Hearst since 1991, did not disclose financial details of the deal. In addition to SmartMoney magazine, the transaction includes and SmartMoney Custom Solutions, a custom publishing division.

SmartMoney has a a current print and online audience of about 6 million, according to Dow Jones, a unit of News Corp. (Reporting by Paul Thomasch, editing by Gerald E. McCormick)