News Corporation announces appointment of Robert Thomson as CEO of publishing entity as company splits in two
News Corporation has today announced that Robert Thomson, Dow Jones editor-in-chief and managing editor of The Wall Street Journal, will become the CEO of the new proposed publishing entity, as the company splits into two different organisations.
The media and entertainment company will be named Fox Group, while the publishing entity will retain the name News Corporation.
It was revealed previously that Rupert Murdoch will serve as chairman of the new News Corporation and chairman and CEO of Fox Group.
Rupert Murdoch said: "This is an incredibly exciting time, for me personally, and for our companies' ambitious futures. The challenges we face in the publishing and media industries are great, but the opportunities are greater.
Murdoch continued, "Under Robert's leadership at News Corporation, we will build on our traditional mission to inform, entertain and enhance the lives of readers and viewers around the world, and relentlessly drive global growth by promoting excellence and investing in our businesses.
"At Fox Group, what began with the acquisition of a modest film studio over 25 years ago has grown into one of the world's most successful media companies of all times, defying conventional wisdom at every turn by pursuing excellence in creativity and innovation. Fox Group is perfectly positioned to deliver even more inspiring stories that engage audiences through film, television, sports and digital platforms, driving not only financial results but a lasting imprint on the millions of people who enjoy our various services, in every corner of the world."
It has also been announced that Sky chief operating officer Mike Darcey will be the new chief executive of News International, following the departure of Tom Mockridge.
Dow Jones & Company has also announced that Gerard Baker will take over Thomson's role as editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, effective fro January 1, 2013.
Thomson said: “Gerry has had a distinguished career that included a stint at the Bank of England, and a celebrated journalistic past at the BBC, the Financial Times and The Times,and I expect him to have an even more successful future as editor-in-chief of The Wall Street Journal and Dow Jones. His international experience and his background in broadcasting will both be crucial editorial assets as the Journal and Newswires continue their ambitious global and digital expansion.”