[LINK] News Corp may divide

[Jan Whitaker]

http://dealbook.nytimes.com/2012/06/26/news-corp-considers-dividing-itself-into-two/?hp


<http://dealbook.on.nytimes.com/public/overview?symbol=NWSA&inline=nyt-org>News 
Corporation is considering dividing itself in 
two, cleaving its publishing arm from its far 
larger entertainment division, a person briefed 
on the matter told DealBook early on Tuesday.

If News Corporation follows through, it would 
essentially mean splitting off the newspaper 
business that once formed the heart of the 
company from the Fox movie studio and television 
networks that now represent the strongest and 
most profitable parts of 
<http://topics.nytimes.com/top/reference/timestopics/people/m/rupert_murdoch/index.html?inline=nyt-per>Rupert 
Murdoch‘s media empire.

Such a split, which may take the form of a 
corporate spinoff, would create a publishing 
business that includes The Wall Street Journal, 
The Times of London, The New York Post and the HarperCollins book business.

The Murdoch family would probably retain control 
of the newly split companies under such an outcome, this person said.

It is not clear whether Mr. Murdoch will actually 
proceed with the move ­ something he has rejected 
in the past ­ though he has softened his 
opposition more recently. Should the company 
settle on this path, it could announce its 
intentions to pursue a split as soon as this week, the person said.
[more at the link]


Melbourne, Victoria, Australia
jwhit at janwhitaker.com
blog: http://janwhitaker.com/jansblog/
business: http://www.janwhitaker.com

Our truest response to the irrationality of the 
world is to paint or sing or write, for only in such response do we find truth.
~Madeline L'Engle, writer

_ __________________ _