News Corp. is shaking up the management of its Dow Jones & Co. unit with the departure of Lex Fenwick after two years in the CEO post.
News Corp. also said it would “review the institutional strategy” for the DJX digital information service that Fenwick championed. The service, designed to integrate data and content from the Wall Street Journal, has been in beta-test mode since last year.
William Lewis, who is News Corp.’s chief creative officer, will serve as interim CEO, News Corp. CEO Robert Thomson said.
“We’re reviewing the institutional strategy of Dow Jones with an eye towards changes that will deliver even more value to its customers. As part of that, we’re planning improvements to DJX, “ Thomson.
Fenwick joined News Corp. in 2012 after 25-years with Bloomberg LP and Bloomberg Ventures.