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.
News Corp.’s board and management “will stop at nothing to get to the bottom” of a phone hacking scandal at the company’s U.K. newspaper unit “and put it right,” Chairman and Chief Executive Rupert Murdoch, told shareholders Friday.
With two top executives departed and the political stakes of every move at an all-time high, News Corp. Chief Executive Rupert Murdoch has turned to an inner circle of advisers who share one trait: distance from the events now haunting the company.
Rupert Murdoch and his tight-knit group of advisers at News Corp. have put a variety of strategic options on the table as they attempt to stem the fallout from a scandal and map out a future for their businesses, according to people familiar with the situation.
Magazine and newspaper publishers are reorienting themselves around a business model that has taken hold in other media: the bundle.
The result is a new ecosystem of pricing that turns aspects of the old model upside down. For many years, publications charged for print and gave away their digital content free.