/// News Corp. Board Approves Split

May 24, 2013  |  All Things Digital

News Corp.’s board approved the company’s separation into two publicly traded entities, moving a step closer to splitting its entertainment businesses from the publishing division. The media company on Friday also outlined the terms of the share distribution, named the board directors for both firms and announced a $500 million stock-buyback program for the new News Corp. following the separation. In addition, News Corp. said it would take a pretax charge of between $1.2 billion and $1.4 billion in the current quarter to write down assets related to its publishing segment. Read the rest of this post on the original site »

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News Corp. Board Approves Split

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