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News Corp board approves split
28.06.12 | Bookseller Staff
News Corp's board has approved a plan to split the conglomerate into two, separating its publishing assets from its entertainment business, the Wall Street Journal has reported.
The separation—which would create a film and TV business division and a much smaller publishing wing, to include HarperCollins and newspapers the Times and the Wall Street Journal—is expected to take about a year.
News Corp's board, overseen by 81-year-old chairman Rupert Murdoch, is said to have met on Wednesday evening (27th June) to make the decision, with an announcement expected later today.