Sunday, July 19, 2009

Sources say CEO stepping down

For years, has been the envy of the financial press, with Web traffic far surpassing that of competitors such as and

But the site's fortunes have taken a turn for the worse lately, and now someone is apparently answering for it: Jim Spanfeller, president and CEO of and executive vice president of electronic publishing, is stepping down, according to sources. The announcement is expected as soon as Thursday, when the company has a scheduled sales meeting.

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