"The felling of Les Hinton is far more significant in global terms for News Corporation than the resignation of Rebekah Brooks."
Dow Jones CEO Les Hinton being driven away from the London apartment of Rupert Murdoch on Tuesday. Hinton ran Murdoch's News International when the phone-hacking scandal emerged.
By Oli Scarff, Getty Images
The chief executive of Dow Jones, the Rupert Murdoch-owned publisher of The Wall Street Journal , has resigned over the phone-hacking scandal roiling the media mogul's empire.
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Update at 5:23 p.m. ET: London's Guardian newspaper, which broke the phone-hacking scandal, writes, "The felling of Les Hinton is far more significant in global terms for News Corporation than the resignation of Rebekah Brooks."
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Hinton, 67, worked for Murdoch for 50 years, starting out as a reporter at the Adelaide News in Australia. He became a U.S. citizen in 1985.
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One Guardian writer says Hinton "has a reputation for being level-headed and insightful, and has won praise for balancing out some of the stormier personalities within including Murdoch himself."
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"He runs interference for Rupert," said one source who knows both men. "He's a very nice guy – congenial, easy going and smart."
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The Guardian has more on Hinton, Brooks and the day's developments here.
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Here's the archive of its coverage.
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Update at 4:58 p.m. ET: In an email to employees, Murdoch writes that "I, with the heaviest of hearts, have accepted the resignation of Les Hinton. It is a measure of his integrity and the quality of his character that he felt compelled to take responsibility even though he is far from the serious issues in London."
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Read the full email here.
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