CEO Fenwick out as Dow Jones reviews DJX product
NEW YORK (AP) — News Corp., the publishing company controlled by Rupert Murdoch, said Tuesday that it is replacing Lex Fenwick, CEO of Dow Jones, and plans to review how the subsidiary serves institutional clients.
The company named William Lewis Dow Jones’ interim CEO.
News Corp. CEO Robert Thomson said the review will include improvements to DJX, a product that consists of a wire service that gives institutional subscribers a 2-minute head start on news that The Wall Street Journal and Dow Jones reporters break.
The product, which has been in beta testing since its launch last year, was meant to compete with rival Bloomberg’s financial data and news services.