Dow Jones CEO Lex Fenwick Out After Less Than Two Years
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Dow Jones & Co. Chief Executive Officer Lex Fenwick was ousted from the News Corp. division after less than two years on the job, following the tepid reception to a high-end subscription service he championed, according to a person with knowledge of the situation.
Dow Jones will replace Fenwick on an interim basis with William Lewis, New York-based News Corp. said yesterday in a statement. The company is now reviewing its strategy and planning changes for the DJX service, which debuted last year, according to the statement. That may include making the product more flexible, rather than selling it as an all-in-one bundle.