News Corp Division: Murdoch’s Still in Charge
Murdoch himself will serve as chairman of the new News Corporation, the publishing arm. Robert Thomson, managing editor of The Wall Street Journal and editor-in-chief of its publisher Dow Jones & Co. will serve as incoming CEO of the new News Corp.
The announcement points out that Thomson has helped make The WSJ “the dominant newspaper in the U.S.” and notes that he is “a person of unmatched integrity.” The comment speaks both to the challenging print-media environment that Thomson will have to navigate and the phone-hacking scandal that left a permanent blemish on News Corp.
MGM Studios‘ president and CFO Ajay Singh Bedi and News Corporation’s CTO Paul Cheesbrough will continue to serve in similar capacities at the new publishing business.
Murdoch will also serve as both chairman and CEO of Fox Group, and some top names from the old News Corp. guard will follow him to the new media and entertainment business. Chase Carey, currently the president, COO, and deputy chairman of News Corporation, will serve Fox Group as president and COO. James Murdoch, Rupert Murdoch’s son and currently deputy COO of News Corporation, will serve as deputy COO for Fox Group.
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