FILLING THE GAP: Can a little bit of the Bloomberg halo help Dow Jones? The beleaguered Rupert Murdoch-owned media company is clearly hoping so — it tapped Lex Fenwick as chief executive officer, succeeding Les Hinton, who resigned in July amid the long-running investigation into the phone-hacking scandal that continues to plague that other bit of Murdoch’s media empire, News Corp. Hinton also formerly served as chairman of News International, publisher of News of the World. Fenwick comes to Dow Jones from his post as ceo of Bloomberg Ventures, the division he started in 2008. He joined Bloomberg in 1987, helping launch the Bloomberg Professional service. When founder Michael Bloomberg ran for New York City mayor in 2001, Fenwick became ceo of Bloomberg LP.
“Having had great success in his previous incarnation, Lex has a sense of the enormous potential of Dow Jones and the people of Dow Jones. He has a genuine feel for the character of contemporary content and its value, and this instinct and insight and drive will be the stuff of our future prosperity,” said Robert Thomson, editor in chief of Dow Jones and managing editor of the Wall Street Journal. Fenwick will report to Chase Carey, president and chief operating officer of News Corp.
This story first appeared in the February 3, 2012 issue of WWD. Subscribe Today.