News Corp. taps exec VP pair

Nallen, Jacobs chosen for chief financial officer, deputy general counsel

NEW YORK — News Corp. on Wednesday appointed John Nallen executive VP and deputy chief financial officer, and named Lon Jacobs exec VP and deputy general counsel, effective immediately.

Nallen, 44, most recently was a News Corp. senior veep focusing on capital market and merger-and-acquisitions transactions, including the initial public offering of Fox Entertainment Group and plans for an IPO of Sky Global Networks. He will continue to report to senior exec VP and chief financial officer David DeVoe.

Jacobs, 45, worked on most of News Corp.’s major transactions in his five years at the company, including those relating to Fox Sports Net and the TV Guide/United Video/Gemstar mergers as well as the pending acquisitions of station group Chris-Craft. He will continue to report to senior exec VP and group general counsel Arthur Siskind.

News Corp. is negotiating several major transactions, including the purchase of U.S. satellite company DirecTV and the possible sale of all or part of Fox Family Entertainment.

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