ukwirednews
Business
News Corp set to formally announce split
Published: 28th Jun 2012 07:17:41
The board of Rupert Murdoch's News Corporation has reportedly approved in principle the split of the $60bn media conglomerate.
The separation of its publishing and entertainment businesses could be announced later on Thursday, the Wall Street Journal and Financial Times reported.
The move would protect News Corp's more profitable TV operations from its UK newspaper business, which is embroiled in a phone-hacking scandal.
The group owns a 39% stake in UK satellite broadcaster BSkyB.
The education and publishing businesses include the Sun and the Times newspapers in the UK, the Australian newspaper, and the book publisher HarperCollins.
Their $8.8bn revenues were dwarfed by those of the entertainment arm.
Currently, the film and television businesses include 20th Century Fox, Fox broadcast network and Fox News Channel, as well as BSkyB.
Together these generated $23.5bn in revenues in the year to June 2011.
Harvard Citation
BBC News, 2012. News Corp set to formally announce split. [Online] (Updated 28 Jun 2012)Available at: http://www.ukwirednews.com/news.php/1437359-News-Corp-set-to-formally-announce-split [Accessed 19th May 2013]
Latest News
-
At 11:53:03 in Headlines
Ban Ki-moon urges North Korea to end missile tests
UN Secretary General Ban Ki-moon has called on North Korea to refrain from carrying out any further missile tests.... -
At 11:50:05 in Politics
Europe: Conservatives are united, says Jeremy Hunt
The Conservative Party is "united" and David Cameron is showing leadership on Britain's relationship with Europe, Health Secr... -
At 11:43:34 in England
Warrington teenager death: Three drug supply arrests
Three teenagers have been arrested on suspicion of supplying drugs after a 16-year-old girl died in Warrington.... -
At 11:41:08 in Headlines
Syria army 'storms' rebel town Qusair
Syrian government forces have surrounded the rebel stronghold of Qusair and are storming it from several directions, says Syrian state TV.... -
At 11:40:39 in England
Mountaineer Kenton Cool beats Everest for eleventh time
British mountaineer Kenton Cool has reached the summit of Everest for a record-breaking eleventh time.... -
At 11:32:35 in Business
Google: Eric Schmidt defends company's tax affairs
Google's executive chairman Eric Schmidt has defended the company's tax affairs after it came in for heavy criticism this week.... -
At 11:15:30 in Entertainment
John Lennon's guitar sells for $408,000
A guitar played by John Lennon and George Harrison in The Beatles has sold for $408,000 (£269,000) at auction.... -
At 11:06:16 in Headlines
Iran hangs two men for spying for Israel and US
Iran has hanged two men convicted of spying for Israel and the US, the authorities there have said.... -
At 10:57:06 in Wales
Badger cull v vaccines in Wales and England TB fight
In a few weeks' time the government in England will press ahead with trials of badger culls in parts of Gloucestershire and Somerset as... -
At 10:56:55 in Northern Ireland
Body of man found in field in Tallaght, west Dublin
The body of man in his 20s has been found in a field in the Republic of Ireland....
News In Other Categories
-
Rahul Dravid 'devastated' over India cricket team arrests
Legendary Indian batsman Rahul Dravid has spoken of his anguish after three players from the team he captains in the Indian Premier league w... -
Pedal on Parliament: Cyclists demand better deal
Cyclists are to embark on a protest ride to the Scottish Parliament, calling for 5% of Scotland's transport budget to be spent on cycli... -
John Lennon's guitar sells for $408,000
A guitar played by John Lennon and George Harrison in The Beatles has sold for $408,000 (£269,000) at auction.... -
Europe: Conservatives are united, says Jeremy Hunt
The Conservative Party is "united" and David Cameron is showing leadership on Britain's relationship with Europe, Health Secr... -
Body of man found in field in Tallaght, west Dublin
The body of man in his 20s has been found in a field in the Republic of Ireland.... -
Revision techniques - the good, the OK and the useless
It's the time of year where students are poring over their books, trying to ensure they are prepared for their exams....
- Home
- Sitemap
- Publishers
- Advertisers
- Contact
-
Any copyright/incorrect article details issues should be addressed to us 'here'.
© 2010 All Rights Reserved.