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Wed June 27, 2012
Splitting Outlets Could Help News. Corp. Investors
Originally published on Wed June 27, 2012 4:49 pm
News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.