Tom Crone, the former top lawyer for News Corp.’s U.K. unit, was arrested by London police probing phone-hacking at the now-defunct News of the World tabloid, according to a person familiar with the matter.
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.
News Corp. Chairman Rupert Murdoch is “not a fit person” to lead a major international company, U.K. lawmakers said, after his British unit misled Parliament about the extent of phone hacking at its News of the World tabloid.