News Corp. is creating a new operation that will allow its worldwide properties to share editorial content and resources. The goal is to increase collaboration and cost savings among its global
network of journalistic brands. John Moody is leaving his job as executive vice president of news editorial for Fox News to oversee the new unit. He reports directly to Rupert Murdoch, News Corp.
CEO.
Moody will work with news chiefs across all of the conglomerate's news properties, including The Wall Street Journal, "to improve news-gathering efficiencies and identify
areas of cost savings." He will also investigate the company's worldwide contracts and "its reliance on global news services," according to News Corp.
In giving a hint of what is to
come, Murdoch states that Moody's "editorial judgment is one reason why Fox News is the leading news network in America." Michael Clemente, senior vice president, will now oversee news editorial for
Fox News. Clemente, who joined Fox from ABC News in February, will work closely with Bill Shine, senior vice president, programming,and will report to Roger Ailes, CEO of the network.
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