Update 2: Yesterday it was media reports, today News Corp. (NYSE: NWS) has officially announced it: Les Hinton will become the CEO of Dow Jones, (NYSE: DJ) when News Corp. completes its $5.6 billion acquisition next week.
The official announcement about Rich Zannino leaving came out earlier, but WSJ is now reporting that News International executive chairman Les Hinton will become the new CEO of Dow Jones, and Times of London editor Robert *Thomson* will become publisher of the Journal, citing sources. What the story says is that Journal publisher Gordon Crovitz is expected to relinquish his title, though not sure if that means he’ll stay in his other capacity as EVP of Dow Jones, and president of the company’s Consumer Media Group.
Hinton is a veteran News Corp. executive, and has been with the company for several decades. News Corp’s acquisition of the company, expected to be approved by Dow Jones shareholders at a meeting next Thursday.
Update 1: WSJ is reporting on some more names that might leave the company, besides Gordon Crovitz and Bill Plummer. Other names include General Counsel Joseph A. Stern and the company’s corporate comm chief, Linda Dunbar. Crovitz is expected to write a column for the Journal’s editorial page, the story says.
Thomson (NYSE: TOC) isn’t expected to have purview over the business side of the Journal, as Crovitz did, and instead will concentrate on editorial matters, the story says. Among those reporting to Thomson will be both Journal Managing Editor Marcus Brauchli and Journal Editorial Page Editor Paul Gigot.