Another key departure in the House of Murdoch

Chief Marketing Officer Gary Ginsberg was a close advisor to media baron Rupert Murdoch.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Richard Siklos, editor at large

Where will the Dow end up in 2010?
  • Up 0% to 10%
  • Up more than 10%
  • Down 0% to 10%
  • Down more than 10%

NEW YORK (Fortune) -- Another of Rupert Murdoch's key lieutenants over the past 10 years is leaving his company, News Corporation. The company is expected to announce tomorrow that Gary Ginsberg, the media giant's executive vice president and chief marketing officer, is leaving the company at the end of the year.

Ginsberg is close both to Murdoch, the company's chairman and CEO, and to Peter Chernin, the former president of News Corp. (NWSA) who resigned earlier this year to become a film and television producer, among other things.

Like Chernin, Ginsberg is a prominent Democrat -- he worked in the Clinton White House -- who helped Murdoch build bridges (or at least talk about them) with both Bill and Hillary Clinton and the Obama administration. Initially hired to oversee corporate communications, Ginsberg took on an ever greater role as a close advisor to Murdoch and played a large behind-the-scenes part in Murdoch's successful efforts to woo the Bancroft family into selling the Wall Street Journal to him two years ago.

Ginsberg helped News Corp. navigate a succession of controversies, including the messy departure of former publisher Judith Regan and the aborted book and television program she had planned with O.J. Simpson.

Amid the company's complicated internal politics, Ginsberg -- an attorney by training who also worked in journalism and crisis PR -- navigated the tricky role of fielding criticism about Murdoch's conservative-leaning outlets, particularly the New York Post and Fox News Channel. Much of the time, Murdoch and Ginsberg talked about politics outside the company, a favorite subject of both men.

A person familiar with the announcement says that Ginsberg has been restless for new and different responsibilities, but there is no obvious place for him to go at News Corp., and he is holding discussions with other companies.

The complexion of the company has changed much over the past two years, with the hiring of a top digital executive in former AOL chief Jonathan Miller, the departure of Chernin, and the return of veteran executive Chase Carey into a role similar to Chernin's, as well as growing responsibilities for James Murdoch, Rupert's son, who now oversees Asia and Europe for the company. To top of page

Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.