Telerate Momentum Slows As 3Q Results Show Puny Growth
VENDOR STRATEGIES
Dow Jones Telerate has been feeling the pinch. Just as its customers are busy retrenching, Reuters is preparing to launch its long-awaited fixed-income analytics product and Bloomberg "opens" its terminal for display on customers' devices.
Amidst such unpleasant conditions, Dow Jones has reported revenue growth for its financial information services segment--a segment comprised mainly of Telerate--of just 5.5 percent for the third quarter, excluding currency fluctuations, compared to the same
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