News Corp to Split Entertainment from Publishing Division

-By Warner Todd Huston

News Corp watchers have been talking about a possible split of Rupert Murdoch’s massive entertainment and publishing empire for sometime and it looks like they are finally on the right side of the guesswork as the News Corp board met on Wednesday to consider separating Murdoch’s entertainment from his publishing division.

For some time Murdoch has resisted calls to split his empire into separate sections — even as recent as last month — but after the wiretapping scandals that hit his British newspapers, the idea seems to have become more acceptable to the media giant.

While the initial meeting was held Wednesday, the final decision might not be known until Thursday and the whole process could take as long as a year to work out.

This is not halving of the corporation, though. The publishing portion of the company is far smaller than the newer education/entertainment division so reports that we are about to witness a “splitting in half” of News Corp is an over statement.
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News Corp to Split Entertainment from Publishing Division”