News Corp. Names Outsider to Run Dow Jones

Lex Fenwick came from Bloomberg LP

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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