Neil Budde, the publisher of Wall Street Journal Online, will leave the company after nearly nine years at the helm of the interactive news outlet. In an interview with CNET News.com on Friday, Budde said that he is leaving the division to explore new opportunities at a time when business is on the upswing.
"I always wanted to see the online Journal to a point where it was a successful business...we are cash flow positive and there's an upturn in online advertisng revenue," Budde said. At the end of the third quarter, the company reported that it had 664,000 Web subscribers. Budde worked at Dow Jones, parent company of The Wall Street Journal, for 15 years; he started the Wall Street Journal Online in 1993.