News Corp. Mulls Splitting Business

Law360, New York (June 26, 2012, 1:51 PM EDT) -- Rupert Murdoch's media conglomerate News Corp. announced Tuesday that it was mulling a plan to restructure into two companies, reportedly splitting its publishing arm from its entertainment business.

“News Corporation confirmed today that it is considering a restructuring to separate its business into two distinct publicly traded companies,” the company said in a statement.

An earlier report on Tuesday in the Wall Street Journal, which is owned by News Corp., said the possible split would separate the company's publishing business from its entertainment holdings. On the...
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