Fenwick Out at News Corp
Lex Fenwick has departed as CEO of Dow Jones & Co. after a two-year stint at the News Corp. property.
William Lewis, chief creative office at News Corp. takes over on an interim basis and launches a review of DJ&C’s institutional strategy.
Fenwick, who joined DJ&C after a 25-year stint at Bloomberg, is responsible for the launch of DJX, the real-time news and data analysis service for financial professionals.
DJX has been under pressure due to cutbacks in the banking sector and heavy competition from Bloomberg.
News Corp blamed lower institutional revenues for a DJ&C’s seven percent sales decline.
On Fenwick’s departure, News Corp. CEO Robert Thomson thanked him for his “time and energy at the helm” and “original vision of DJX as an innovative way to integrate content and deliver it to customers in a timely manner.”
The overall review aim will change DJX so its delivers more value to customers, according to Thomson’s statement.
Lewis joined News Corp in 2010 as GM of News U.K., where he lined up acquisitions and drove its digital initiatives.
Earlier, he was editor-in-chief of Telegraph Media Group, business editor at The Sunday Times and global news editor at Financial Times.
The search for a permanent replacement for Fenwick is underway.
Klein Leaves WaPo
Ezra Klein is leaving the Washington Post, the paper told staffers in a memo on Jan. 21. No details yet on who is backing Klein’s new venture.
WaPo digital veterans Melissa Bell and Dylan Matthews, who worked on the Wonkblog and Know More initiatives, will join him.
Klein, who launched the Wonkblog policy blog, had asked Post management to fund his venture.
New owner Jeff Bezos of Amazon fame and publisher Katharine Weymouth declined to do so.