Budde To Leave Wall St. Journal Online

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Updated at 10:30 a.m. EST, Nov. 25

Neil Budde, publisher of The Wall Street Journal Online, is leaving to pursue other opportunities, according to an article posted late Friday at WSJ.com.

“It was an appropriate time to move on to new things,” Budde, 46, said in the WSJ.com article. He said his decision to leave was based in part on the success of the Journal‘s online operations. Dow Jones’s Consumer Electronic Publishing Unit was cash-flow positive in the third quarter and has 664,000 paying subscribers to WSJ.com, the article said. “I was committed to not just getting the Online Journal up and running, but getting it to the point where it was a stable and ongoing business,” Budde said.

After working at several newspapers, including USA Today, Budde joined Dow Jones in 1987 as associate editor of Dow Jones News/Retrieval, now part of Factiva. He led the team that launched WSJ.com in 1996.

While not specifying his plans, Budde said he was interested in “the changes in the way people consume media.”

Also leaving the company are David Moran, vice president of ventures, electronic publishing, and president of Dow Jones Indexes/Ventures, and Bob Firestone, vice president for affiliate relations for electronic publishing.

Mike Petronella, managing director of Dow Jones Indexes, will now become president of Dow Jones Indexes/Ventures.

Dow Jones is also adding its radio operations business to the consumer electronic publishing division.

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