Thomson named top editor at WSJ
Hinton apologizes for handling of Brauchli exit
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More surprising than the appointments, which had been expected, was the statement issued by Hinton to the Dow Jones special committee that oversees the editorial management of the Journal: Hinton apologized for how the company handled the departure last month of the paper's previous top editor, Marcus Brauchli.
While asserting that Dow Jones and News Corp. execs had "no intention of subverting" the oversight role of the special committee, "we recognize it would have been more appropriate to have advised the committee in advance of reaching a (resignation) agreement with Mr. Brauchli," Hinton's statement read.
"We have apologized to committee members and undertaken in the future that we will consult with it and seek the approval of the committee before taking any action with respect to an editor that could result in material change in an editor's duties, responsibilities or reporting relationships or the departure of that editor," Hinton's statement said.
The special committee to monitor the editorial independence of the Journal was set up last year as a condition of News Corp.'s $5.6 billion acquisition of Journal parent Dow Jones & Co.
Hinton, a longtime Murdoch lieutenant, was named CEO of Dow Jones after the buyout closed in December. He will continue in that role in addition to taking on the duties of Journal publisher from Thomson. Thomson was named publisher of the Journal in December, but there was speculation from the start that Murdoch intended to move the experienced financial journalist into the top editor role.
Before moving to Dow Jones, Thomson spent five years as editor of News Corp.'s Times of London. Prior to the Times, he was managing editor of the U.S. edition of the Financial Times.
As editor-in-chief of Dow Jones and managing editor of the Journal, Thomson oversees all news operations of the newspaper and the Dow Jones News Wires and the Journal. The Journal's editorial page editor, Paul Gigot, reports to Hinton.
