Tony Blair offered to unofficially advise Rebekah Brooks and News Corp. Chairman Rupert Murdoch at the height of the phone-hacking scandal in 2011 that led to the closure of the News of the World tabloid, prosecutors said.
Dow Jones & Co. Chief Executive Officer Lex Fenwick was ousted from the News Corp. division after less than two years on the job, following the tepid reception to a high-end subscription service he championed, according to a person with knowledge of the situation.
The two-year-old Wall Street Journal weekend magazine and the newspaper’s daily New York City section are profitable, according to Les Hinton , chief executive officer of News Corp. ’s Dow Jones division.
News Corp., the media company facing an investor uprising over its business practices, was alerted to a plan to inflate circulation at the Wall Street Journal Europe almost a year before the newspaper’s publisher resigned, according to a former employee and internal documents.
Les Hinton, chief executive officer of News Corp.’s Dow Jones & Co. unit, said he is resigning, the media company’s second executive to step down today amid accusations of phone hacking by its journalists.