The media giant of Rupert Murdoch, News Corporation, is considering splitting into two companies, separating the publishing assets from the more important entertainment sector. This is what people close to the Group reported to the Wall Street Journal.
Television and film companies of News Corp., including 20th Century Fox, Fox and Fox News they would therefore be managed separately from the publishing activities, such as the Wall Street Journal, Times and The Australian newspapers, but also by the HarperCollins publishing house. The sources specified that a decision has not yet been made, but that Murdoch has welcomed the proposal, also because it would not have any repercussions on family control over the group.
The restructuring proposal comes after the illegal wiretapping scandal erupted in the UK, which led to the closure of the tabloid News of the World and the resignation of several executives of the UK group of News Corp.
