News Corporation: new division approved
The division of News Corpor...
Blake: ‘illustration encourages children to read’
Former Children’s lau...
WMF panel: libraries need national e-lending model
A national library e-lendin...
Nelson Thornes looks to iPad for GCSE material
Nelson Thornes is to launch...
Bookouture signs French-set debut
Digital imprint Bookouture ...
News Corp board approves split
01.01.70 | Benedicte Page
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.