The latest fallout from News Corp.’s phone hacking scandal: Dow Jones CEO and Wall Street Journal publisher Les Hinton resigned his post 7/15, only hours after Rebekah Brooks, head of News International, left the building. Hinton worked for Murdoch for more than 50 years.
Hinton was CEO of News International, News Corp.’s British newspapers division, while its News of the World paper was hacking the voicemails of royals, celebrities and citizens including Milly Dowler, a missing teenager who was later found dead. Brooks was editor at News of the World during much of the hacking incidents. After Murdoch bought Dow Jones for $5.6 billion in 2007, he named Hinton CEO of the company.
Dow Jones President Todd Larsen will now report directly to News Corp.’s deputy chairman, president and chief operating officer, Chase Carey, the company said.
Hinton’s email to staff and resignation letter to Murdoch:
Many of you will be aware by now that I resigned today from Dow Jones and News Corp. I attach below my resignation letter to Rupert Murdoch.
It is a deeply, deeply sad day for me.
I want you all to know the pride and pleasure I have taken working at Dow Jones for the past three-and-a-half years. I have never been with better, more dedicated people, or had more fun in a job.
News Corp under Rupert’s brilliant leadership has proved a fitting parent of Dow Jones, allowing us to invest and expand as other media companies slashed costs. This support enabled us together to strengthen the company during a brutal economic downturn, developing fine new products — not to mention one of the world’s great newspapers led by one of the world’s great editors, my dear friend and colleague Robert Thomson.
However difficult this moment is for me, I depart with the certain knowledge that we have built the momentum to take Dow Jones on to ever greater things.
Good luck to you all and thank you.
I have watched with sorrow from New York as the News of the World story has unfolded. I have seen hundreds of news reports of both actual and alleged misconduct during the time I was executive chairman of News International and responsible for the company. The pain caused to innocent people is unimaginable. That I was ignorant of what apparently happened is irrelevant and in the circumstances I feel it is proper for me to resign from News Corp, and apologize to those hurt by the actions of the News of the World.
When I left News International in December 2007, I believed that the rotten element at the News of the World had been eliminated; that important lessons had been learned; and that journalistic integrity was restored.
My testimonies before the Culture Media and Sport Select Committee were given honestly. When I appeared before the Committee in March 2007, I expressed the belief that Clive Goodman had acted alone, but made clear our investigation was continuing.
In September 2009, I told the Committee there had never been any evidence delivered to me that suggested the conduct had spread beyond one journalist. If others had evidence that wrongdoing went further, I was not told about it.
Finally, I want to express my gratitude to you for a wonderful working life. My admiration and respect for you are unbounded. You have built a magnificent business since I first joined 52 years ago and it has been an honor making my contribution.
With my warmest best wishes,