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Article: Murdoch wastes no time shaking up Dow Jones C-suite; Zannino, Crovitz both exit; more departures expected this month.(News)(Rupert Murdoch)(Richard F. Zannino)(L. Gordon Crovitz)
- Article from:
- Advertising Age
- Article date:
- December 10, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NAT IVES
Dow jones shareholders can't ratify their company's $5 billion acquisition by News Corp. until Dec. 13-but Rupert Murdoch and his men didn't let that stop their move-in last week.
On Dec. 6, Richard F. Zannino, CEO of Dow Jones and a chief architect of its acquisition, announced he was leaving; the next day News Corp. said his title would go to longtime company hand Les Hinton, executive chairman at News International.
"News Corp.'s a great company, but Rupert runs News Corp. and has a great team,'' Mr. Zannino told Ad Age last week. "Dow Jones was going to be a small part of that-and Rupert's going to be very active in running ...