News Corp. creates content-sharing unit
Fox News executive vp of news editorial to oversee operationNEW YORK -- News Corp. is looking for more collaboration and cost savings among its global network of journalistic brands.
The conglomerate said Tuesday it is creating a new operation that will allow its worldwide properties to share editorial content and resources.
John Moody, who until Tuesday was executive vp of news editorial for Fox News, will oversee the new unit, reporting to News Corp. chairman and CEO Rupert Murdoch.
"The creation of a new unit designed to share valuable news content and harness the power of News Corp.'s vast editorial resources is vital to our success as a global media entity," Murdoch said.
Moody will collaborate with news chiefs across all of the conglomerate's news properties "to improve news-gathering efficiencies and identify areas of cost savings," the company said. He will also "investigate the company's worldwide contracts and reliance on global news services."
"John's strong editorial judgment is one of the reasons Fox News is the leading news network in America," Murdoch said.
Said Moody: "I'm honored to embark on this new venture at a critical time in our industry when change so often begets opportunity. News Corp. has embraced innovation like no other company in today's media landscape."
Michael Clemente has been tapped to oversee news editorial for Fox News in his current role as senior vp news now that Moody has taken his new job. He reports to Roger Ailes, chairman and CEO of the network.
Clemente, who joined from ABC News in February, will work closely with Bill Shine, senior vp programming.
"In his few months at Fox News, Michael has already proven to be a serious journalist with tremendous credentials in both editorial and television," Ailes said.