• Newspapers and book publishing to be spun off from TV, film
• News Corp shares rise 8.3%
• Split won't help any future play for BSkyB, regulator says
• All times Et
11.30am: With a confirmation from News Corporation that the company is considering a split into two entities – a profitable television and film wing, and a less lucrative publishing wing – we are going to liveblog the story as it unfolds. Here's the background:
• Rupert Murdoch's News Corp confirmed a report in the Wall Street Journal overnight that it is seriously looking into a split, a move some inside the company have championed for years but which Murdoch himself has resisted. Resurgent talk of a division follows a terrible public relations run for the publishing arm of News Corp, which has been battered in a phone hacking scandal that led to the closure of its oldest paper, News of the World.
• The split...
• News Corp shares rise 8.3%
• Split won't help any future play for BSkyB, regulator says
• All times Et
11.30am: With a confirmation from News Corporation that the company is considering a split into two entities – a profitable television and film wing, and a less lucrative publishing wing – we are going to liveblog the story as it unfolds. Here's the background:
• Rupert Murdoch's News Corp confirmed a report in the Wall Street Journal overnight that it is seriously looking into a split, a move some inside the company have championed for years but which Murdoch himself has resisted. Resurgent talk of a division follows a terrible public relations run for the publishing arm of News Corp, which has been battered in a phone hacking scandal that led to the closure of its oldest paper, News of the World.
• The split...
- 6/26/2012
- by Tom McCarthy
- The Guardian - Film News
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