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Guantanamo hunger strike enters 100th day
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Guantanamo hunger strike enters 100th day
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69th Anniversary of Crimean Tatar deportation commemorated
Turkey-N. Cyprus water pipeline project starts off
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Turkey-N. Cyprus water pipeline project starts off

Economy

15:21, 28 June 2012 Thursday
News Corp confirms plan to split in two
(File Photo)

News Corp confirms plan to split in two
Murdoch will be chairman of both companies and will be chief executive of the entertainment business.

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World Bulletin / News Desk

Rupert Murdoch's News Corp said on Thursday it would pursue splitting the $60 billion media conglomerate into separate publicly traded publishing and entertainment companies.

Murdoch will be chairman of both companies and will be chief executive of the entertainment business. The company did not name a chief executive for the new publishing company.

News Corp's board, overseen by the 81-year-old Murdoch, met on Wednesday and authorized management to move ahead with the separation, the company said.


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