News Corp shareholders approve split

Jun 11, 2013

News Corp. says its shareholders have approved a plan to split into two publicly traded companies.

The company says approval came with an overwhelming majority of support. It did not immediately break down vote totals.

. said Tuesday that it expects to complete the separation of its entertainment and publishing businesses on June 28. The company's board of directors approved the split last month.

After the split, the company holding its TV and movie properties will be 21st Century Fox. The new News Corp., a smaller entity, will be focused on newspapers and publishing. Both will be publicly traded, under separate ticker symbols.

will be chairman of both companies and CEO of Fox.

Explore further: Ex-Qualcomm exec pleads guilty to insider trading

2 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

News Corp. confirms it's considering split in 2

Jun 26, 2012

(AP) — Under pressure to limit contagion from the British phone hacking scandal, Rupert Murdoch's News Corp. confirmed Tuesday that it is considering splitting into two publicly traded companies.

News Corp. posts higher 2Q earnings, revenue

Feb 06, 2013

Media conglomerate News Corp. says earnings for the last three months of 2012 grew, helped by higher revenue at its pay TV networks and gains from acquisitions.

Shareholder unrest voiced at News Corp

Oct 16, 2012

Media tycoon Rupert Murdoch faced calls to give up some of his control at the News Corp. conglomerate at a shareholder meeting Tuesday that was unlikely to change the balance of power.

News Corp insurers pay $139M in shareholder suit

Apr 22, 2013

News Corp. says that the insurers backing its board of directors will pay the company $139 million to settle shareholder lawsuits over the British phone hacking scandal and the controversial purchase of an entertainment company ...

Recommended for you

Ex-Qualcomm exec pleads guilty to insider trading

14 hours ago

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

Media venture creates press litigation fund

14 hours ago

The media venture created by entrepreneur Pierre Omidyar said Monday it was establishing a fund to help defend journalists in cases involving freedom of the press.

User comments : 0