Arab Today, arab today murdoch splits empire into 2 firms
Last Updated : GMT 06:10:04
Arab Today, arab today
Arab Today, arab today

Murdoch splits empire into 2 firms

Arab Today, arab today

Arab Today, arab today Murdoch splits empire into 2 firms

New York - AFP

Rupert Murdoch split his corporate empire into two parts under a long-promised plan to \"unlock value\" by separating high-flying entertainment operations from struggling publishing activities.The split became effective at the close of trade in New York Friday, creating a new group called 21st Century Fox while retaining the name News Corp for the publishing group. Murdoch remains in charge of both. The 21st Century Fox group, which includes the Fox Hollywood studios and television entities, \"launches as a unique force bringing news and entertainment to more than a billion customers every day in over 100 languages,\" said Murdoch. \"Our success will continue to be rooted in a deep belief in originality and a commitment to empowering creative minds and entrepreneurs around the world. \"Our management teams are the best in the business and we will drive growth and shareholder value by expanding our existing assets and brands, while embracing new opportunities and technology.\" The new News Corp, with Murdoch in the role of chairman, includes well-known newspapers like the Wall Street Journal and New York Post in the United States; The Sunday Times of London, Sunday Telegraph and The Sun in Britain; and The Australian. It also includes Dow Jones news agency, Fox Sports Australia and the HarperCollins publishing house. \"We are continuing a proud tradition and fashioning a prosperous future in the new News Corp,\" chief executive Robert Thomson said. \"We have a valuable collection of complementary companies and our task is to make the new News more than the sum of these distinguished parts.\" New News Corp shares will trade under the ticker symbols \"NWSA\" and \"NWS,\" starting on Monday. Shares in 21st Century Fox will trade under the symbols \"FOXA\" and \"FOX.\" The split of the company, with some $34 billion in revenues worldwide, is seen partly as a nod to shareholders angered by the damage and costs inflicted by a phone hacking scandal in Britain, and partly because of troubles within the group\'s publishing arm. While some analysts see the outlook for publishing as bleak, Murdoch says he remains committed to his newspaper roots. Murdoch has spent a lifetime building News Corp from a single Australian newspaper he inherited. As his empire was being built through a series of mergers and acquisitions, Murdoch also went through a series of unions and breakups in his personal life. Earlier this month, Murdoch filed papers to divorce his third wife Wendi Deng, citing an \"irretrievably\" broken marriage to a woman 38 years his junior. Deng was perhaps best known for a 2011 incident in which she leapt to defend her husband by striking a pie-wielding protester, prompting headlines calling her a \"tiger wife.\" The divorce will not affect the way in which the media empire is run, as Deng does not have stock or voting rights in News Corp, sources familiar with the company said.

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 murdoch splits empire into 2 firms Arab Today, arab today murdoch splits empire into 2 firms

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
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

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
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 Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
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 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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