News Corp Names Fenwick Dow Jones CEO

News Corp. on Thursday named Lex Fenwick as the CEO of Dow Jones & Co.

Fenwick replaced Les Hinton, who left the company in July.

Fenwick joins Dow Jones from Bloomberg LP, where he most recently was the CEO of Bloomberg Ventures.

"Lex has been a driving force in the financial news and information industry for more than two decades," said News Corp. Chief Operating Officer Chase Carey in a statement.

"His aggressive and bold leadership will be invaluable to Dow Jones at a time when digital technologies are making information ever more important. We have a great opportunity to build enormous value around Dow Jones' unique expertise and franchises."

News Corp. owns NewsCore, the publisher of this report.