Murdoch eyes Asian expansion

Hong Kong - Just months after acquiring The Wall Street Journal, Rupert Murdoch has initiated some major changes and flagged the possibility of launching a business channel via News Corp's Star TV network.

The changes see Marcus Brauchli (pictured), managing editor of The Wall Street Journal, step down after less than a year for a consulting position with the paper's new owner, News Corporation.

A Dow Jones statement said Brauchli will provide guidance to senior management in a wide range of areas, from advising The Wall Street Journal to exploring the possibility of launching a business news channel for Star TV in Asia.

Brauchli became The Journal's managing editor last May, overseeing the print and online products in the US. and abroad.

Murdoch, chairman & chief executive of News Corporation, said Brauchli's experience will be a great asset, especially in Asia.

"I am pleased he has accepted this new role in News Corporation and believe his experience will be a great asset, especially in Asia -- a region where we see significant growth potential and where he has particular expertise."

News Corp bought The Wall Street Journal's parent, Dow Jones, in December for $US5.16 billion.