The head of media firm Dow Jones, owner of the Wall Street Journal (WSJ), is to leave following its acquisition by Rupert Murdoch's News Corporation.
Richard Zannino will step down in the next few weeks if, as is expected, Dow Jones shareholders approve the $5bn (Ј2.46bn) deal on 13 December.
The Wall Street Journal reported that Les Hinton, head of UK newspaper group News International, would succeed him.
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News Corp said it would announce Mr Zannino's successor shortly but has not commented on reports that Mr Hinton could be unveiled as early as Friday.
Mr Zannino said he was leaving after two years to "seek new challenges".
'New chapter'
News Corp, whose newspaper empire includes The Times of London and the New York Post, is set to finally win control of Dow Jones in the next two weeks.
The bid is backed by the Bancrofts, which control Dow Jones, but some fear it will harm editorial independence.
Mr Zannino, who took the helm of the company in December 2006, said he had informed Mr Murdoch in September of his desire to move on.
"Dow Jones is about to begin a new chapter," he said.
"I will leave Dow Jones knowing the best is yet to come for readers, customers and employees."
Mr Murdoch, News Corp chairman, praised Mr Zannino for his "effective leadership", saying he had "revitalized Dow Jones during a time of great change for the industry".
(BBC)
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