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News Corp to review Dow Jones’ institutional strategy

MUMBAI: US media conglomerate News Corp has announced a series of changes at Dow Jones that include the departure of CEO Lex Fenwick, the naming of William Lewis as interim CEO and plans to review Dow Jones’ institutional strategy.

News Corp CEO Robert Thomson said, “We thank Lex for his time and energy at the helm of Dow Jones, and in particular for his original vision of DJX as an innovative way to integrate content and deliver it to customers in a timely manner.”

Thomson also announced that William Lewis, News Corp’s chief creative officer (CCO), will serve as interim CEO of Dow Jones while a search for a permanent chief executive is underway.

“We’re reviewing the institutional strategy of Dow Jones with an eye on changes that will deliver even more value to its customers. As part of that, we’re planning improvements to DJX,” said Thomson, also signalling a greater flexibility in its product offerings in the short term.

Dow Jones’ DJX information service has been in beta since its launch last year.

“We will also be redoubling our efforts to develop ‘The Wall Street Journal’ and its digital properties globally, which continue to serve the world’s most influential readers with the most authoritative news and analysis,” said Thomson.

Lewis joined News Corp in 2010 as News International (now News UK) Group GM and was appointed News Corp CCO by Thomson last year to build new businesses, target acquisitions and drive digital initiatives for the company.