December 3, 2012

News Corp to Split Off Fox Group Entertainment Business

Dan Seifert, writing for The Verge:

“Rupert Murdoch’s media conglomerate, News Corporation, announced today that the two new companies being formed from its split will be called Fox Group and News Corporation. The company is being split to separate the media and entertainment side of the business from its news coverage.”

Mildly amusing to note that while news sources such The Wall Street Journal and Dow Jones will stay with News Corp, Fox "News" Channel will go to the new Fox Group along with the rest of Rupert's entertainment properties, such as Fox Sports, the movie studio and the Fox television network. Everything in its place.

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