News Corp. named William Lewis as chief executive officer of its Dow Jones division, removing his interim title.
Lewis was previously chief creative officer of News Corp. before taking over CEO duties for Dow Jones in January. He had replaced Lex Fenwick, who was ousted following the tepid reception of a revamped subscription service, a person with knowledge of the situation said at the time.
Lewis is charged with helping News Corp. turn around its news-and-information business, which has struggled to contend with falling advertising sales. The unit’s earnings slid 12 percent last quarter from a year earlier to $146 million, leaving out interest, taxes, depreciation and amortization.
“Will Lewis has brought focus and energy to the task at Dow Jones, which has refined its institutional products and reconnected with core clients,” News Corp. CEO Robert Thomson said in a statement today. “He has also brought extra vigor to The Wall Street Journal franchise, which is developing its digital strategy.”
Bloomberg LP, the parent of Bloomberg News, competes with News Corp. in providing financial news and services.