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alp227

(32,084 posts) Thu Jun 28, 2012, 01:21 AM Jun 2012

Report: News Corp. board approves company split

Source: AP

The board of directors at Rupert Murdoch's News Corp. has approved a plan that calls for splitting the global media conglomerate into two separate companies, one holding its newspaper business and another its entertainment operations, according to a report in The Wall Street Journal.

The Journal, which is News Corp.'s flagship newspaper, cited a person familiar with the situation late Wednesday saying the board voted unanimously to approve the plan. It said the move is expected to be announced early Thursday.

News Corp. spokeswoman Julie Henderson had no comment on the report.

The New York-based company confirmed Tuesday that it was weighing the plan. Its stock has jumped 11 percent since the news of the proposed split emerged.

Read more: http://www.sfgate.com/news/article/Report-News-Corp-board-approves-company-split-3668406.php

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Report: News Corp. board approves company split (Original Post) alp227 Jun 2012 OP

If the Murdoch family still owns majority control of either...... so what? cstanleytech Jun 2012 #1

If lawsuits from his various illegal activities BumRushDaShow Jun 2012 #2

they will try to protect the lucrative entertainment business and holdings from the KurtNYC Jun 2012 #3

Murdoch had a beloved wagon as a child...he named it... Evasporque Jun 2012 #4

cstanleytech

(26,367 posts)

1. If the Murdoch family still owns majority control of either...... so what?

Reply to alp227 (Original post)

Thu Jun 28, 2012, 02:35 AM

Jun 2012

I mean its not like things will really change if they still have that majority control after all and even if they relinquish said control over the news portion they still have the larger media and tv portion to provide free PR and or money to their close political allies.