Legal News

Board of Directors Approves News Corporation Split
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

It has been announced that the board of directors for News Corporation has unanimously approved the plan to divide its entertainment businesses. The split will separate Fox News and Twentieth Century Fox from the publishing wing of Rupert Murdoch’s company. Murdoch will remain the chairman of both parts of the company and will also be the CEO of the entertainment business. A boss for the publishing portion of the company has yet to be named but some rumors have floated around as to who might be taking over the publishing side.

“We recognize that over the years, News Corporation’s broad collection of assets have become increasingly complex,” Murdoch said in a statement. “We determined that creating this new structure would simplify operations and greater align strategic priorities, enabling each company to better deliver on our commitments to consumers across the globe.”


The plan should take roughly a year to put in place and it is being researched with the help of JP Morgan, Goldman Sachs and Centerview. The plan is also subject to a final approval from the board of directors of News Corporation. In the entertainment side of the business, Murdoch’s successor, president and COO Chase Carey will retain the same titles he has now.

There has not been any news from James Murdoch lately who has been marred by the phone-hacking scandal at his father’s British tabloids. It has been rumored that James is not a fan of his father’s newspaper business. Murdoch’s daughter, Lachlan, has been rumored to be a candidate for the boss of the publishing side of the company but would have to return to the family she left behind.

The split for the company will separate the film, TV and satellite businesses from HarperCollins and newspapers The Wall Street Journal, New York Post, and the Sun. The split has reportedly been discussed for quite some time now. One unidentified source said the following about Murdoch, the scandal and the split, “He had to put aside his emotional attachment.” A second source said, “Everything else managed to do well, and the newspapers had become difficult and even toxic.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

In a memo, Murdoch said the following, “Our publishing businesses are greatly undervalued by the skeptics. Through this transformation we will unleash their real potential, and be able to better articulate the true value they hold for shareholders. Over the years, I have become accustomed to the noise of critics and naysayers … and pretty thick-skinned!”



Senior Counsel


Senior Counsel    About Us The Buried Alive Project is a non-profit criminal just...

Apply now

Associate Aviation Attorney


Qualifications Private Pilot Certification (Required) Full Job Descr...

Apply now

Legal Assistant


Description      An AV-rated Civil Litigation Firm, specializing in real property,...

Apply now

Associate Attorney- Litigation


About the Job: Established AV-rated Missoula law firm is seeking an articulate and ambitious asso...

Apply now




Search Now

Junior to Mid-level Cybersecurity, Privacy and Technology Associate Attorney

USA-NY-Garden City

Garden City office of a BCG Attorney Search Top Ranked Law Firm seeks a junior to mid-level cybersec...

Apply Now

Patent Prosecution Attorney


Milwaukee office of a BCG Attorney Search Top Ranked Law Firm seeks patent prosecution attorney with...

Apply Now

Junior/Mid-level Trust and Estate Litigation Associate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks junior/mid-level trust and estat...

Apply Now

Most Popular


To Top