Did he jump or was he pushed? John Jessop, Senior Executive Vice President of Telerate Systems Inc., resigned, leaving door open for Dow Jones & Co. to tighten grip on company. Dow Jones named Carl Valenti, head of company's information services group, to additional post of president of Telerate.

Meanwhile, rumors are brewing both inside and outside of Telerate that merging of firm's resources with those of Dow Jones will result in layoffs of approximately 10 percent of Telerate's sales and s

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