Law360, New York (June 28, 2012, 5:34 PM ET) -- Rupert Murdoch's media empire News Corp. on Thursday confirmed plans to divide its publishing and entertainment businesses into two new publicly traded companies after its board gave the preliminary go-ahead to explore the separation late Wednesday.
The move is meant to split up the company's asset portfolio, which over the past six decades has swelled to create a more complex business for News Corp., Murdoch, the company's chairman and CEO, said in a statement.
“We determined that creating this new structure would simplify operations and greater...
News Corp. Confirms Split Of Print Holdings From TV, Film
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