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December 7, 2007

Murdoch Said to Have Plan for Shake-Up at Dow Jones

From the NYT:

Richard F. Zannino, Dow Jones’s chief executive, will leave the company after staying for a time to help with the transition, Dow Jones announced yesterday.

People briefed on the matter said that both Mr. Zannino and L. Gordon Crovitz, the publisher of The Wall Street Journal, would be succeeded by trusted lieutenants of Rupert Murdoch soon after the takeover was complete.

Executives at both companies say there will be a broader sweep of the upper echelon at Dow Jones in the next few weeks, both to eliminate duplication and to make way for Mr. Murdoch’s people.

Read the rest here.

Posted by Becky at December 7, 2007 4:21 PM Posted to Business News