News Corp. will conduct an external and internal search for a new chief executive of its Dow Jones financial news business, reports Andrew Edgecliffe-Johnson of The Financial Times.
Edgecliffe-Johnson writes, “Todd Larsen, president of Dow Jones, will be a candidate, one person familiar with the process said. News Corp announced after Mr Hinton’s exit that Mr Larsen would report directly to Chase Carey, its chief operating officer.
“The special committee set up in 2007 to oversee ‘editorial integrity and independence’ at the Journal and Dow Jones Newswires said the allegations about News Corp’s UK newspaper operations were ‘deeply concerning to us, suggesting as they do a serious default of basic journalistic standards in certain units of News Corp.’
“However, it added that nothing had come to its attention that made it believe that anything similar had occurred at Dow Jones. Authorities have not suggested that the phone hacking and police bribery they allege took place at the News of the World tabloid title in London took place in any of News Corp’s US properties, which are managed separately.
“Mr Larsen, a former consultant, joined Dow Jones in 1999 and worked on digital strategy for the Journal and Barron’s, the company’s weekly financial title.”
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