Murdoch finally appoints new Dow Jones boss

Rupert Murdoch's News Corp belatedly announced the appointment of Lex Fenwick as the replacement for Les Hinton as chief executive of The Wall Street Journal's publisher, Dow Jones, yesterday.

Mr Fenwick comes into the job seven months after Mr Murdoch's right-hand man stepped down in a failed attempt to dampen the phone-hacking scandal engulfing News International.