News Corp names ex-Bloomberg exec as Dow Jones CEO

AP News
Posted: Feb 02, 2012 5:24 PM
News Corp names ex-Bloomberg exec as Dow Jones CEO

News Corp. said Thursday that Lex Fenwick, a Bloomberg LP executive, is the new CEO of Dow Jones & Co., the News Corp. subsidiary that publishes The Wall Street Journal and Dow Jones Newswires.

Fenwick was CEO of Bloomberg LP from 2001 until 2008, when he stepped down to start Bloomberg Ventures, a business-development arm.

He takes over a position vacant since July, when Les Hinton resigned in the wake of the phone-hacking scandal at News Corp.'s British newspaper division.

Hinton had been chairman of News Corp.'s British newspaper arm for some of the years its staffers are alleged to have accessed voicemail messages of politicians, sports figures, and celebrities in search of scoops.

News Corp. CEO Rupert Murdoch, the company's founder and largest shareholder, shut down the 168-year-old News of the World in July after the scandal surfaced. It triggered an ongoing public inquiry into media ethics and the relationship between the press, police and politicians.

More than two dozen people have been arrested by police _ many of them journalists and executives at News Corp. newspapers.