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Friday
Jul152011

'Wall Street Journal' Publisher, Les Hinton, Resigns

Gary Gershoff/WireImage(NEW YORK) -- Dow Jones CEO Les Hinton resigned Friday, making him the second high-ranking casualty in less than 24 hours in a journalistic scandal that has jeopardized Rupert Murdoch's multibillion-dollar empire.

Earlier Friday, Rebekah Brooks, one of Murdoch's closest confidants and chief executive of his British newspapers, resigned her post. She was editor of News of the World when the incidents of phone hacking and bribery allegedly occurred.

In Hinton's resignation letter, obtained by the website All Things D, Hinton maintained he was unaware of the inappropriate action that occurred when he was chairman of News International.

"I have watched with sorrow from New York as the News of the World story has unfolded," he wrote. "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," he added. "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."

In a statement of his own, Murdoch wrote, "That this passage has come to an unexpected end, professionally, not personally, is a matter of much sadness to me."

Hinton and Murdoch have worked together for more than 50 years.

Copyright 2011 ABC News Radio







ABC News Radio