News International CEO to Depart Deadline, Bloomberg
News Corp. said News International CEO Tom Mockridge will leave the company at year-end, reports Deadline.com.
The departure isn't surprising given that Wall Street Journal managing editor Robert Thomson is in line to take over the publishing unit when it's spun off, the piece notes. Thomson will be named chief executive officer of the spinoff as soon as this week, according to Bloomberg.
The company agreed to spin off the publishing assets, which aren't growing as quickly as News Corp.'s Fox entertainment units, under pressure from shareholders.