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News Corp appoints Hinton’s successor

Les Hinton’s successor as chief executive of Dow Jones has been named by News Corp as Lex Fenwick.

He will be based in New York and report to Chase Carey, the company’s president and chief operating officer.

Fenwick has spent 25 years with Bloomberg, most recently as head of its Ventures division.

Hinton resigned from News Corp in July last year in the wake of the phone-hacking scandal. From 1995 until 2005, he was in charge of News International.

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