News Corporation (NWSA) CFO to Retire

News Corporation (NASDAQ: NWSA) today announced that its veteran Chief Financial Officer David DeVoe will retire at the end of this fiscal year. Mr. DeVoe will maintain his seat on the Company’s Board of Directors, on which he has served since 1990, and remain a senior advisor to the Company. John Nallen has been appointed Senior Executive Vice President and Chief Financial Officer of the Company, which will be re-named 21st Century Fox and hold News Corporation’s media and entertainment businesses following its separation on June 28 into two independent, publicly traded companies. Mr. Nallen’s appointment is effective July 1, 2013.

Following the separation, Mr. Nallen will oversee all of the finance functions for 21st Century Fox and report to Rupert Murdoch, the Company’s Chairman and Chief Executive Officer, and to Chase Carey, its President and Chief Operating Officer. Mr. Nallen has served as Deputy Chief Financial Officer and an Executive Vice President of News Corporation since 2001, having joined the company in 1995.

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