OLD Media Moves

Dow Jones looking to hire Bloomberg executive to be its CEO

January 27, 2012

Posted by Chris Roush

Russell Adams of The Wall Street Journal reports that its parent company, Dow Jones & Co., is in talks with Bloomberg executive Lex Fenwick to be its next chief executive officer.

Former Dow Jones CEO Les Hinton, who also served as Journal publisher, resigned last year after being implicated in the News Corp. phone hacking scandal.

Adams writes, “The hire, while not final, would fill a position vacated six months ago when the previous CEO stepped down amid the phone-hacking scandal at News Corp.’s UK newspaper division.

“Mr. Fenwick has spent 25 years at Bloomberg where he managed the financial-data giant’s operations in Europe, the Middle East and Africa before he was appointed CEO in 2001. He stepped down from that job in 2008, and since then Mr. Fenwick has been running Bloomberg Ventures, a wholly owned subsidiary tasked with developing new businesses.

“A spokeswoman for Bloomberg had no immediate comment. Earlier this week Mr. Fenwick denied that he was joining Dow Jones, saying ‘I work at Bloomberg.’ He couldn’t be reached late Friday.”

Read more here.

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