Former Dow Jones Chief Lands at Private Equity Firm

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By: E&P Staff Richard Zannino, the former CEO of Dow Jones who helped hand over the company to News Corp., is going to work in private equity, Reuters reports.

Zannino is joining the firm CCMP Capital Advisors and will help run its consumer, media and retail practices.

"Private equity felt very much like the natural next step for me," Zannino told Reuters reporter Robert MacMillan and Megan Davies. "Every day you're seeing more and more distressed good companies with bad balance sheets -- companies with compelling reasons to sell."

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