Robert Thomson will on Friday be named the publisher of The Wall Street Journal and Les Hinton will be named the new CEO of Dow Jones, only hours after News Corp announced the resignation of CEO Richard Zannino.
The Journal‘s Sarah Ellison reports:
Mr. Hinton, who is News International executive chairman, has ties to News Corp Chairman Rupert Murdoch going back several decades. He was named executive chairman of News International in 1995. Prior to that he was CEO of News America Publishing, whose titles included the New York Post.
On Mr. Zannino, Ms. Ellison writes:
Mr. Zannino’s resignation, which is expected to be the first of a series of executive departures from Dow Jones, highlights the dramatic change about to sweep through the company…Mr. Zannino had expressed a desire to stay at Dow Jones under News Corp’s ownership. What changed his mind isn’t clear although it’s likely that Mr. Murdoch didn’t offer him the role he wanted.
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