Thursday, June 28, 2012

News corp split

  • (CNN)-- The board of News Corp.
  • (CNN)
  • (Reuters) - The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar with the situation said on Thursday.
  • (msnbc.com)
  • The Wall Street Journal reports Thursday that the board of News Corp. has approved a plan to split the media conglomerate into two divisions — entertainment and publishing.
  • (Wall Street Journal)
  • News Corp.s board greenlighted a highly anticipated plan to divide the multinational media titan into two companies, separating its cash-cow entertainment arm from its less lucrative publishing business.
  • (MSN Entertainment)
  • It seems that News Corporation (NWSA) will finally have to bow before disgruntled shareholders, who from a long time have been pressing hard to sever the publishing business.
  • (Yahoo Finance)
  • Needham Co. analyst Laura Martin on Wednesday upgraded her stock rating on Rupert Murdochs News Corp. from hold to buy in part due to an expected split of the conglomerate into an entertainment-centric and a publishing business.
  • (Hollywood Reporter)
  • Are two Ruperts even better than one? We may soon find out, as News Corp. moves forward today to clone itself. The cloning, or splitting, of the $34 billion company certainly has its logic.
  • (niemanlab.org)
  • It seems that News Corporation ( NWSA) will finally have to bow before disgruntled shareholders, who from a long time have been pressing hard to sever the publishing business.
  • (Analyst Blog - NASDAQ)
  • At least one News Ltd executive is attending the New York meeting of parent company News Corp to decide on a possible split of the global media and entertainment organisation.
  • (Sydney Morning Herald)
  • Mad Money host Jim Cramer welcomed news that News Corp is considering splitting its publishing assets, including the Wall Street Journal, from its entertainment properties, among them its Fox News and entertainment programming.
  • (Yahoo Finance)

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