News Corp. is considering splitting into two companies, spinning off its publishing assets and entertainment businesses, the Wall Street Journal reports. According to the Journal’s sources, the move has been discussed internally for several years. The company’s chief executive, Rupert Murdoch, has apparently warmed to the idea recently.
The Journal reports:
The split would carve off News Corp.’s film and television businesses, including 20th Century Fox film studio, Fox broadcast network and Fox News channel from its newspapers, book publishing assets and education businesses. News Corp.’s publishing assets include The Wall Street Journal, the Times of London and the Australian newspaper, as well as HarperCollins book publishing. If a separation occurs, the publishing company would be far smaller than the entertainment company.
