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Dow Jones Editor-In-Chief Rumored As CEO Of News Corp. Spinoff

Jackie Mansky |
December 1, 2012 | 3:33 p.m. PST

Executive Producer

News Corp will be splitting its publishing and entertainment assets.
News Corp will be splitting its publishing and entertainment assets.
Dow Jones Editor-in-Chief and close friend of Rupert Murdoch, Robert Thomson will be named the chief executive officer of proposed publishing company spinoff of News Corporation, according to a person familiar with the decision, Reuters reported.

While Dow Jones spokesperson Ashley Huston declined to comment on or confirm the details of the report, Politico pointed out that one of News Corp.'s newspapers, The Wall Street Journal is one of the news outlets that reported on the story.

If Thomson is selected, he will have to make decisions including what to do about the financially struggling New York Post and whether the new company will go on an acquisition spree for other U.S. newspapers that could come on the market, such as the Los Angeles Times and the Chicago Tribune,  Reuters reported.

News Corp. first said that it was separating its publishing and entertainment assets in June after a phone hacking scandal tainted its British newspapers. While Murdoch will remain chairman and CEO of the entertainment company, which includes Fox News, he will only remain as chairman of the publishing company which includes The Wall Street Journal, The New York Post, and a number of UK and Australian papers, Bloomberg Business Week reported.

While the timing of the announcement hasn’t been set yet, the official announcement could come as early as next week, said the source, who asked not to be named because the information isn’t public.

Read more of Neon Tommy's coverage of News Corp. here.

Reach executive producer Jackie Mansky here.



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