News Corp. named Bloomberg LP executive Lex Fenwick as its new CEO of The Wall Street Journal parent Dow Jones & Co., ending a search that began after Les Hinton left in July, a casualty of the phone-hacking scandal that’s embroiled the company in Britain.
Unlike his predecessor, who was a longtime Murdoch soldier and confidant, Fenwick is a News Corp. outsider, and his selection could be seen as aimed at helping distance the division from the phone-hacking troubles.
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