Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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)

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

More Newser Stories

WSJ Publisher, Dow Jones CEO Les Hinton Resigns

He's the latest casualty of Rupert Murdoch's phone hacking scandal

(AP) - Rupert Murdoch accepted the resignation of the Wall Street Journal's publisher today as the once-defiant media mogul struggles to control the escalating phone hacking scandal. The controversy claimed its first victim in the United States as Les Hinton, chief executive of the Murdoch-owned Dow Jones & co. and publisher of the WSJ, announced he was resigning with immediate effect. Murdoch's British lieutenant, Rebekah Brooks, stepped down earlier today . More»

WSJ Plans Micro-Payments for Web Access

News Corp. paper will charge for individual articles

(NEWSER) - The Wall Street Journal will introduce a system of micro-payments for access to articles on its website, becoming the first newspaper to charge readers for individual stories. The service will target casual users unlikely to pay more than $100 for an annual online subscription, editor-in-chief Robert Thomson told the Financial Times. The price of an article hasn't yet been set, but Thomson said it would be "rightfully high." More»

Murdoch Names Thomson New Journal Editor

Publisher takes over spot left open after forced resignation

(NEWSER) - Rupert Murdoch has named Wall Street Journal publisher Robert J. Thomson as its top editor, reports the New York Times. Thomson, whom Murdoch made publisher just five months ago, was previously the top editor of Murdoch's Times of London. His appointment is expected to speed the pace of change at the paper, in the wake of the resignation of former managing editor Marcus Brauchli, who was forced out last month. More»

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(NEWSER) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said to be amicable, and Brauchli is likely to take another post with the company. More»

WSJ : Our Murdoch Coverage Wasn't Good Enough

Was lax on owner, but says it's better now

(NEWSER) - The Wall Street Journal did a lousy job of initially covering Rupert Murdoch's phone hacking scandal, admits the paper's special editorial committee. The paper was "slower than it should have been at the outset to pursue the phone-hacking scandal story" and failed to ask tough questions when it interviewed Rupert Murdoch for his side of the story, according to a report from the WSJ committee set up to oversee the editorial integrity of the paper after Murdoch bought it in 2007. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Dow Jones CEO Leaves Ahead of Murdoch Posse

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

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

WSJ Publisher, Dow Jones CEO Les Hinton Resigns

He's the latest casualty of Rupert Murdoch's phone hacking scandal

WSJ Plans Micro-Payments for Web Access

News Corp. paper will charge for individual articles

Murdoch Names Thomson New Journal Editor

Publisher takes over spot left open after forced resignation

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

WSJ : Our Murdoch Coverage Wasn't Good Enough

Was lax on owner, but says it's better now

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?