Julian, Henry Now Report To Bill; Has Telerate Gone Dotty?

Bill Clabby, senior vice president of Dow Jones' information services group, has emerged as the third executive vice president of Dow Jones Telerate, a title he shares with regions chief Julian Childs and development head Henry Becher. But Clabby finds himself first among equals: Sources say both Childs and Becher now report to Clabby, rather than to Dow Jones Telerate president Carl Valenti.

These sources say that Valenti's days as most senior Telerate official are numbered, and that Clabby is