May 24 2013
As expected, News Corp has announced it will officially split its publishing and entertainment businesses on 28 June.
Its board approved the separation into two firms, which will both be headed by the current chairman and chief executive Rupert Murdoch.
The publishing firm will retain the News Corp brand and will include the Wall Street Journal, the Times newspapers in the UK, and Harper Collins Publishing.
The newly renamed 21st Century Fox will include the US news channel Fox News and the 20th Century Fox film studio. Its services in Europe and Asia include Sky Deutschland, Sky Italia and stakes in BSkyB and Tata Sky.
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