This was part of Steve Mitchell's portfolio - he resigned on the day of publication of the Pollard report. Fran will retain her role as Head of Newsgathering, looking after reporters, correspondents and their support systems.
This latest appointment will have presumably been sanctioned by Lord Hall, and thus will leave others who craved elevation bemused as to their prospects. The role of deputy at News was previously filled as a job in its own right - with giant brains like Richard Ayre (now a Trustee) and Mark Damazer (now Master of St Peter's Oxford) opining on the daily direction of the news agenda, at meetings which became known as The Time Lords (a nickname I may well have bestowed).
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