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Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

By Jonas Oransky, Newser Staff

Posted Dec 6, 2007 5:32 PM CST

(Newser) – Dow Jones’ CEO resigned today, one week before News Corp. is expected to finalize its purchase of the Wall Street Journal publisher. Insiders say Richard Zannino’s replacement will be Rupert Murdoch confidant Les Hinton; the succession, to be announced tomorrow, is thought to be the first among many in the $5 billion change in ownership, the Journal reports.

Dow Jones' CFO is seen departing in the near future, sources said, and the Journal's publisher is expected to be replaced by Times of London editor Robert Thomson. Zannino previously said he wanted to stay on; it remains unclear why he’s exiting. Murdoch called Zannino “an effective leader” today, but it’s thought he wasn’t willing to give Zannino the role he’d sought.

Les Hinton and Rupert Murdoch (Getty Images)

Departing Dow Jones CEO Richard Zannino (Getty Images)

News Corp. Chairman and CEO Rupert Murdoch, right, and MySpace CEO and Co-founder Chris DeWolfe listen to questions during a talk at Web 2.0 conference in San Francisco in this Oct. 17, 2007 file photo.... (Associated Press)

Les Hinton (Getty Images)

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Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

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Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

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OTHER STORIES ON OUR RADAR

Rupert Murdoch • Wall Street Journal • Dow Jones • Richard Zannino • Les Hinton • News Corp • Robert Thomson

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

News Corp Inches Closer to US Bribery Probe

Saturday's arrests mark 'an escalation in the risk,' reports the 'Guardian'

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Another Rupert Murdoch newspaper being probed, says lawmaker

36 Victims Settle in Murdoch Phone Hacking Scandal

News Group Newspapers appears to acknowledge cover-up

Wendi Deng's Twitter Account Is—Gasp!—a Fake

@wendi_deng is not actually Mrs. Rupert Murdoch

Now on Twitter: Rupert Murdoch

But is the account real? Some think not

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Newser By Users

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