Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



News Corp. Gives Details of Fox Group Spinoff

On Monday, News Corp. (Nasdaq: NWS  ) (Nasdaq: NWSA  ) revealed additional details of its plan to divide its business into separate publishing and entertainment divisions.

Robert Thomson, Dow Jones editor-in-chief and Wall Street Journal managing editor,  will become the chief executive officer of the new publishing entity, which will retain the News Corp. name, with current News Corp. Chairman Rupert Murdoch remaining chairman. Thomson starts his new job Jan. 1.

The spun-off media and entertainment division will be named Fox Group and will be run by Murdoch in the capacities of both CEO and chairman. Chase Carey, deputy COO of News Corp., will serve as its president and chief operating officer, with Rupert Murdoch's son James Murdoch serving as deputy chief operating officer.

In other news, News Corp. said it will discontinue standalone publication of The Daily iPad app on Dec. 15, "though the brand will live on in other channels." The company will fold "technology and other assets" from The Daily, including some staff, into The New York Post.



Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2137036, ~/Articles/ArticleHandler.aspx, 10/28/2016 6:37:48 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 9 hours ago Sponsored by:
DOW 18,169.68 -29.65 -0.16%
S&P 500 2,133.04 -6.39 -0.30%
NASD 5,215.97 -34.29 -0.65%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/27/2016 4:00 PM
FOX $26.24 Down -0.28 -1.06%
Twenty-First Centu… CAPS Rating: ***
FOXA $26.11 Down -0.29 -1.10%
Twenty-First Centu… CAPS Rating: ***