/// News Corp. Confirms Plans for Publishing and Entertainment Split

June 28, 2012  |  Media Week

After saying on Monday that it was considering a break between its print and entertainment assets, News Corp. has made the split official. Today, the company announced that it plans to pursue the separation of its publishing arm and media and entertainment holdings into “two distinct publicly traded companies.” The decision was finalized after a News Corp. board meeting yesterday, according to a press release from the company. If the spinoff receives final approval from the board (as well as the necessary regulatory approval), the separation should take around a year to complete. Rupert Murdoch would become chairman of both companies and CEO of the entertainment company, while current News Corp. president, deputy chairman and COO Chase Carey would act as president and COO of the entertainment company. The publishing company will be comprised of News Corp.’s newspapers (including its U.S

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News Corp. Confirms Plans for Publishing and Entertainment Split



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