The outcome was not a surprise, as News Corp. Chairman-CEO Rupert Murdoch has for the last several weeks steered many changes throughout Dow Jones. Last week Dow Jones CEO Richard Zannino announced that he would leave the company at the close of the sale. A day later, L. Gordon Crovitz, publisher of The Wall Street Journal, said he, too, would exit Dow Jones management upon completion of the transaction. They are being succeeded by News Corp. executive Leslie Hinton, and former Times of London Editor Robert Thomson, respectively.
Also today, Linda Dunbar, VP-corporate communications for Dow Jones, announced that she is leaving the company. Other exits are expected to follow as Murdoch puts his full stamp on Dow Jones.
In addition to the Journal, Dow Jones owns Barron’s, Factiva, Dow Jones Newswires and MarketWatch.