Tuesday, February 21, 2017
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News Corp Mulls Split

By DMO Affiliate
News Corp., most recently in the news for its phone-hacking scandal, is mulling a split. The move would sever News Corp's entertainment businesses from its publishing assets. On the entertainment side News Corp. controls, among others, 20th Century Fox film studio, Fox News, and the Fox broadcast network. Over in publishing, assets include The Wall Street Journal, The Times of London, and Harper Collins book publishing. Outside investors in News Corp by and large welcome the split. These investors are more interested in the entertainment assets, which contributed 3/4 of the company's $25.34 billion revenue over the first nine months of this fiscal year. News Corp. Chairman Rupert Murdoch, previously against the idea, appears to be warming to it. Still, no final decision has yet been made.
News Corp Mulls Split

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