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News Corp.'s Dow Jones CEO Hinton resigns

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New York—The contagion of the News of the World phone hacking scandal continues to spread throughout News Corp. Its latest victim is Les Hinton, who resigned today as the CEO of News Corp.'s Dow Jones & Co., which publishes The Wall Street Journal. Hinton was the head of the News International unit of News Corp. when the phone hacking scandal first appeared five years ago. Hinton was named CEO of Dow Jones & Co. after News Corp. bought the company in December 2007. In his resignation letter to News Corp. Chairman-CEO Rupert Murdoch, Hinton wrote: “I have watched with sorrow from New York as the News of the World story has unfolded. I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World.” In a memo to Dow Jones employees, Hinton wrote: “It is a deeply, deeply sad day for me.”

The phone hacking scandal earlier today claimed Rebekah Brooks, who resigned as CEO of News International. Previously, News Corp. shuttered the News of the World tabloid, where reporters allegedly engaged in hacking of cell phones.

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