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News Corp (NASDAQ:NWSA) unit Dow Jones, which owns the Wall Street Journal, has begun the search for a new CFO, and O’Melia is staying on during the transition, according to the report.
Dow Jones did not immediately respond to a Reuters request for comment.
O’Melia, who joined Dow Jones in May last year, was earlier the CFO at S&P Ratings.
The report comes days after activist hedge fund Starboard Value’s CEO Jeff Smith said News Corp was trading at a big discount to the value of its assets and should consider spinning off some of them.
Starboard began building a stake in News Corp over the summer, before Rupert Murdoch, 92, announced on Sept 21 that he would step down as chairman, leaving his son Lachlan as sole chair, Reuters reported on Tuesday, citing sources.
Reuters competes with the Wall Street Journal in some markets.
