Rupert Murdoch, chairman and CEO of News Corp., reportedly has had a change of heart over splitting his $50 billion media enterprise in two and is willing to give the idea serious consideration. The company has confirmed news reports that it is mulling the pros and cons of a split. If it proceeds, it will most likely separate the publishing operations and the entertainment business to form two publicly traded companies. The driver behind the deliberations is the hacking scandal that has enmeshed News Corp.’s UK newspapers.
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News Corp. Split: Out With the Old, In With the Young?
Posted by: Erika Morphy June 27, 2012 05:00 AMRupert Murdoch, chairman and CEO of News Corp., reportedly has had a change of heart over splitting his $50 billion media enterprise in two and is willing to give the idea serious consideration. The company has confirmed news reports that it is mulling the pros and cons of a split. If it proceeds, it will most likely separate the publishing operations and the entertainment business to form two publicly traded companies. The driver behind the deliberations is the hacking scandal that has enmeshed News Corp.’s UK newspapers.