You will be redirected back to your article in seconds

News Corp. shutters tablet paper the Daily

Showbiz unit to be named Fox Group; Chase Carey to be prexy-COO

News Corp. is shuttering its ambitious iPad newspaper the Daily after two years as it cleans house ahead of its split into two entities, the media and showbiz-centric Fox Group and the publishing-driven unit that will retain the News Corp. moniker.

The decision to end publication of the Daily as of Dec. 15 set off an exec shuffle as the paper’s founding editor, Jesse Angelo, has become publisher of the New York Post.

The Daily’s “technology and other assets, including some staff,” will be folded into the Post, said News Corp. chairman-CEO Rupert Murdoch.

Monday’s unveiling of the management changes sent a clear message about James Murdoch’s prominence on the Fox Group side. He’ll serve as deputy chief operating officer under prexy-COO Chase Carey. News Corp. said Fox Group would continue to “strengthen its creative content businesses and distribution assets, including enhancing its sports portfolio through key investments in Asia, Europe and Latin America” — areas where James Murdoch has experience, having previously overseen much of News Corp.’s international operations.

Rupert Murdoch will remain chairman-CEO of Fox Group and chairman of the publishing group once the split is completed next summer. Wall Street Journal managing editor and Dow Jones editor-in-chief Robert Thomson will serve as CEO of the publishing arm.

“This is an incredibly exciting time for me personally and for our companies’ ambitious futures,” Murdoch said. “The challenges we face in the publishing and media industries are great, but the opportunities are greater.”

Murdoch called Thomson “a person of unmatched integrity” — an important quality given the scandal in the U.K. that has rocked the company for the past two years and tarnished James Murdoch’s reputation as a corporate manager.

In announcing the closure of the Daily, which debuted in February 2011, Rupert Murdoch called it “a bold experiment in digital publishing and an amazing vehicle for innovation” but acknowledged “we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long term.”

With Angelo’s ascent, former Post publisher Paul Carlucci shifts to chairman of News America Marketing. The Daily’s publisher, Greg Clayman, also moves to that unit, overseeing global digital strategy, investments and distribution partnerships.

The Fox Group name is a nod to “what began with the acquisition of a modest film studio over 25 years ago (and) has grown into one of the world’s most successful media companies of all times, defying conventional wisdom at every turn by pursuing excellence in creativity and innovation,” Rupert Murdoch said.

The publishing half sticks with News Corp. “in keeping with the company’s 60-year heritage of bringing news to the world,” he added.

At the Wall Street Journal, Thomson will be succeeded by deputy editor-in-chief Gerard Baker. Baker was previously U.S. editor of the Times of London. He also worked for the Financial Times in Tokyo and Washington, D.C. He began his career as a news producer and correspondent at the BBC.

Former MGM Studios chief financial officer Bedi Ajay Singh was named News Corp.’s CFO. Paul Cheesbrough will be chief technology officer, the same role he currently holds at News Corp.

Current general counsel Gerson Zweifach will serve as the top lawyer to both the Fox Group and News Corp.

Change is also afoot in the U.K. News Corp. appointed Mike Darcey, currently COO of U.K. satcaster BSkyB, as the CEO of News Intl., which runs Murdoch’s newspapers in Blighty. He replaces Tom Mockridge, who ankled over the weekend. Darcy joined BSkyB in 1998 and has played a key role in the rise of the paybox in Blighty.

Popular on Variety

More TV

  • Samsung Makes Bid to Keep Viewers

    Samsung Makes Bid to Keep Viewers From Skipping Fox Ad Breaks

    Fox is hoping to knit together the seconds-long divide between a TV program and the commercials that support it. During ad breaks for a few football broadcasts, tomorrow’s run of the Emmys and Wednesday’s season premiere of “The Masked Singer,” the network will kick off ad sessions with special show promos that display artistic renderings [...]

  • Patria

    HBO Europe Unveils ‘Patria’ Footage to Captive San Sebastian Audience

    SAN SEBASTIAN — Amid large expectation, HBO Europe has revealed first footage giving a first sense of tone and pace of its Spanish original series “Patria.” A packed-to-overflowing press conference on Saturday morning at the San Sebastian Festival can be read as one sign of the potential popularity of the eight-part series. The panel sneak-peek [...]

  • Topic Studios

    Layoffs Hit Topic Studios as TV Division Relocates to West Coast (EXCLUSIVE)

    A small round of layoffs has hit Topic Studios this week in the television division, insiders familiar with the company told Variety. One of the insiders said three executives at the New York-based producer and distributor are out: senior vice president of scripted programming and Viacom alum Lisa Leingang, vice president of development Mona Panchal [...]

  • Peter Weber and Mike Johnson

    'The Bachelor's' Mike Johnson on Diversity and New Leading Man Peter Weber

    ABC named its newest star of “The Bachelor” this week, officially making Peter Weber the leading man for Season 24 of the long-running dating show. Social media backlash ensued following the announcement due to ABC’s selection lacking diversity, yet again. Since the dating franchise began in 2002, there has been only one “Bachelorette” of color [...]

  • ABC Studios Logo

    ABC Studios Head of Alternative Fernando Hernandez Exits

    ABC Studios’ head of alternative Fernando Hernandez has departed from his post at the Disney-owned television studio, a source familiar with the situation told Variety. The Hollywood Reporter first reported the news. Hernandez’s exit follows an executive shuffling at the top in recent months that has included the departure of Amy Hartwick, ABC Studio’s head [...]

  • Rob Cowan, Greg Silverman'The Conjuring 2'

    Greg Silverman’s Stampede, School of Rock Team for Unscripted Series (EXCLUSIVE)

    Former president of Warner Bros. Pictures Greg Silverman is partnering with School of Rock through his content creation company Stampede. The collaboration with the music school will create exclusive content, starting with the development of an unscripted series.  School of Rock operates a network of performance-based education franchises that offer students of all ages guidance [...]

  • TV Roundup: Erica Durance Reprises 'Smallville'

    TV News Roundup: Erica Durance Reprises 'Smallville' Role in 'Arrowverse' Crossover

    In today’s TV news roundup, Erica Durance reprises her “Smallville” role in the CW’s annual “Arrowverse” crossover, and Showtime shares with Variety an exclusive sneak peek at the return of “The Circus.” FIRST LOOKS “2020 is the most important election of our lifetime,” Alex Wagner says in a new trailer for the fourth season of [...]

More From Our Brands

Access exclusive content