Arab Today, arab today news corp \considers splitting into two\
Last Updated : GMT 09:28:24
Arab Today, arab today
Arab Today, arab today

News Corp \'considers splitting into two\'

Arab Today, arab today

Arab Today, arab today News Corp \'considers splitting into two\'

Sydney - AFP

Australian stock in Rupert Murdoch's News Corp. jumped 2.41 percent Tuesday after a report that the company may be split in half, separating its publishing assets from its bigger entertainment arm. Its Australian-listed shares closed 49 cents higher at Aus$20.79, having risen as high as Aus$21.00 on the Wall Street Journal report. The Murdoch-owned newspaper said the split would carve off the film and television businesses, including 20th Century Fox movie studio, Fox broadcast network and Fox News channel from its newspapers and book publishing assets. The company's publishing assets include The Wall Street Journal, the Times of London and The Australian newspaper, as well as the HarperCollins book publishing house. Citing people familiar with the situation, the report said a final decision had yet to be made but Murdoch was warming to the idea. It said such a plan was not expected to change the Murdoch clan's effective control of any of the businesses, exercised through the family's roughly 40 percent voting stake in News Corp. The possible restructuring follows the phone-hacking scandal in Britain which resulted in the closure of its flagship News of the World tabloid and the resignation of several senior executives. In March company president Chase Carey, seen as Murdoch's likely successor, acknowledged that some shareholders had talked to the company about spinning off the newspaper arm, but said it was "not a path we are pursuing". "I think part of it is a general fad. Every time you have a (diversified) business, some in the investment community are looking to split it up," he said in an interview with News Corp-owned newspaper The Australian. "But our plan is to drive the business forward, and we have great and unique businesses and our focus is improving the profitability of those businesses." Murdoch personally has remained a big fan of the newspaper business, having built his global empire from Australia's Adelaide News in the 1950s. Last week his Australian arm, News Limited, announced a major restructure to streamline operations, merging its print and digital businesses with significant redundancies, though it did not specify the number. It also made a $2.0 billion takeover offer for rival Australian tycoon James Packer's Consolidated Media Holdings If successful, News would emerge with 50 percent of Foxtel, the country's biggest pay TV operator, and all of Fox Sports. Telecommunications giant Telstra holds the other half of Foxtel. News Corp. last month reported a strong gain in quarterly profits, boosted by Hollywood entertainment and cable television operations in the United States, Asia and Latin America. The conglomerate said profits in the fiscal third quarter ended March 31 leapt 47 percent to US$937 million, as revenues rose two percent to US$8.4 billion.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today news corp \considers splitting into two\ Arab Today, arab today news corp \considers splitting into two\

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday