Lex Fenwick Named Dow Jones CEO

NEW YORK — 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.

Comments

[George Picard]

08:52 AM on 02/05/2012

WSJ the best paper in the USA.

[Theatrixnyc]

11:27 AM on 02/05/2012

If it was it wouldn't depend on inflated Subscriptions, bought up by Murdoch, so he can charge higher ad-rates.

[aloevera456]

11:52 AM on 02/05/2012

George - That was snark? right?

[laobaixing]

03:26 AM on 02/04/2012

This is sure validation to the theory that Murdoch has lost the plot. Fenwick knows nothing about news outside vague notions of it's connection to selling financial information terminals. He was sidelined at the company he was head of due to his erratic temperament and incidences which highlighted his obsessive distraction with aesthetics to the detriment of the bottom line. Curiously, the powers that be have fallen prey to the seductive illusion that he has some type of expertise in the type of new media technology and ideas which will help propel DJ forward into the new media age. The man lacks orginal thought, has a love of buzzwords, says nothing and says it very loudly - something DJ employees will soon realize.

[Theatrixnyc]

06:27 PM on 02/04/2012

The man lacks orginal thought, has a love of buzzwords, says nothing and says it very loudly - something DJ employees will soon realize.
**
Sounds like he fits right in with the Murdoch Rags.

[olitenup]

05:24 PM on 02/03/2012

I am surprised Lex would attach his name to a rag.

[abbadabba]

02:17 PM on 02/03/2012

Why did they shut down the comments at the other WSJ story site?

I had been following that story in British press. Don't tell me that NewsCorp thought it could keep covered this obvious attempt to buy their own paper to boost their subscription readership numbers dramatically so as to screw their ad buyers. I'd heard the authorities had passed on condemning it, but once again it seems the authorities weren't given the whole story. It's obvious to a 5th grader. NewsCorp doesn't know how to play fair, and when called on it they hedge the evidence.

Hope some obstruction gets in their way, too.