News Corp. Names President of Fox TV

News Corp. named Tony Vinciquerra, now at Hearst-Argyle Television Inc., president of the Fox TV Network, where he will oversee the U.S. broadcaster’s advertising sales and finances.

Vinciquerra, 47, will report to News Corp. President Peter Chernin. His new job will start Jan. 1, said a spokesman for News Corp., the media company controlled by Rupert Murdoch.

He will be Fox TV’s first president since December 1999, when Larry Jacobson left to join USA Networks Inc.’s Ticketmaster. Vinciquerra also will take over the duties of ex-Fox TV Chairman Brian Mulligan, who resigned in September.

News Corp. American depositary receipts fell 47 cents to $31.56 on the NYSE. Fox Entertainment Group Inc., News Corp.’s publicly traded U.S. media arm, rose 74 cents to $26.54.