Will Lewis named Dow Jones C.E.O.
Will Lewis' role as C.E.O. of Dow Jones is no longer "interim."
Parent-company News Corp. announced this afternoon that Lewis has been appointed C.E.O. on a permanent basis. He had been serving as interim C.E.O. since his predecessor, Lex Fenwick, was ousted in January.
Lewis, a veteran U.K. media executive who'd most recently been News Corp's chief creative officer, has been spearheading a turnaround strategy for Dow Jones, which provides news and information to financial professionals, competing with Bloomberg L.P. and Reuters.
Dow Jones, which also publishes The Wall Street Journal, saw a dropoff in its institutional business as a result of Fenwick's strategy of bundling products, like Dow Jones Newswires and the research service Factiva, as opposed to allowing subscribers to cherry-pick. News Corp. reported lower third-quarter subscription revenues in its news and information segment this afternoon "primarily due to the continued decline in Institutional revenues at Dow Jones."
In a statement, News Corp. chief executive Robert Thomson said Lewis "has refined [Dow Jones'] institutional products and reconnected with core clients. He has also brought extra vigor to The Wall Street Journal franchise, which is developing its digital strategy, an area in which Will has particular expertise."
Lewis, 45, has previously worked at The Financial Times and The Telegraph Media Group. News Corp. chief strategy officer Anoushka Healy will assume his chief creative officer responsibilities.