Monday, December 3, 2012

New Corp's CEO Resigns

New Corp's chief executive resigns:
Mockridge's resignation was confirmed by News Corp yesterday. Chairman Rupert Murdoch said his "decision to step down is absolutely and entirely his own".After Mockridge was parachuted in by News International following the resignation of Rebekah Brooks, many considered him a likely candidate to lead News Corp's new publishing arm.However, the Wall Street Journal reported that "people familiar with the matter" had said its own managing editor, Robert Thomson, could be named as head of the corporation's publishing arm this week.