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News Corp. May Split The Company in Two

Image Credit: Reuters

According to a report by the Wall Street Journal, News Corp is considering splitting into two entities. The split would be made down the publishing and entertainment lines, putting some form of separation between the two. Properties like The Times of London, The Wall Street Journal (including AllThingsD), and book publisher HarperCollins would become one company under the proposal, with television and film studios like 20th Century Fox, Fox Broadcasting, Fox News and others would make up the separate entertainment company. While CEO Rupert Murdoch has resisted a split in the past, the report says Murdoch has, “warmed to the idea.”