Dow Jones CEO Who Introduced DJX Has Departed

John McDuling (Quartz) reports that Dow Jones CEO Lex Fenwick has departed the organization. Mr. Fenwick introduced a new initiative, DJX, which has not been received warmly by major Wall Street firms. “Fenwick’s decision to replace Dow Jones’s tiered pricing structure with a single price for all of its services had also led to a decline in institutional revenue in the third quarter of 2013, with Morgan Stanley scaling back its business significantly.”

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