Thursday, December 12, 2019

MURDOCH DEMERGES HIS PUBLISHING AND ENTERTAINMENT COMPANIES

December 4, 2012 by · Leave a Comment 

Rupert Murdoch on Monday formally announced the split of News Corp into two companies. One, which will retain the name News Corp, will include all of the company’s publishing operations, including The New York Post, The Wall Street Journal, Dow Jones, the London Times and Sunday Times, the London Sun and the Sun on Sunday and book publisher HarperCollins. The demerged company will be headed by Robert Thompson. Murdoch himself will head the second and larger group, to be called Fox Group, and include the company’s television and film operations. Murdoch’s son James will serve as Fox Group’s deputy chief operating officer. Not included in either company was News Corp’s two-year-old digital newspaper The Daily, which, offered as an iPad app, had failed to catch on. It is slated to publish its last edition on Dec. 15. Analysts said that they expected the separation of the demerged companies to be complete by the middle of next year.