News Corp. in Talks to Hire Bloomberg Executive

News Corp. is in serious talks to hire former Bloomberg LP chief executive Lex Fenwick to be the new chief of Wall Street Journal publisher Dow Jones & Co., according to people familiar with the matter.

The hire, while not final, would fill a position vacated six months ago when the previous CEO, Les Hinton, stepped down amid the phone-hacking scandal at News Corp.’s UK newspaper division. When he resigned, Mr. Hinton, who ran the division before he joined Dow Jones, said that he was “ignorant of what apparently happened” at one of the company’s tabloid newspapers earlier, but characterized his lack of knowledge as “irrelevant” and said it was “proper” for him to step down.

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