News Corp considering split, claims US paper
Rupert Murdoch’s News Corp is thinking of splitting into two companies, the Wall Street Journal reported, citing people familiar with the situation.
A final decision on the split has not been made, the paper said, adding that the Murdoch family is not expected to lose its effective control of any of the businesses involved.
The company plans to separate its publishing assets from its entertainment businesses, the report said.
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Hide AdThe split would mean News Corp’s film and television businesses will be carved off from its newspapers, book publishing assets and education businesses.
The film and television businesses include 20th Century Fox film studio, Fox broadcast network and Fox News channel, while its publishing business includes The Wall Street Journal, The Times, The Sun and HarperCollins book publishing.