News Corp confirms split

The Murdoch-owned company says the split will create an “unparalleled portfolio of assets, brands and franchises” that will benefit from enhanced strategic alignment and increased operational flexibility.

news corp

News Corp’s board authorised its management to go ahead with the separation following a board meeting yesterday (27 June).

The move means businesses such as News International, the Wall Street Journal and book publisher HarperCollins will soon be operated separately from News Corp’s Fox television network and movie studio arm as well as its 39% stake in BSkyB.

News Corp says the split will help focus on the distinct strategic and industry-specific opportunities of each business to maximise their long-term potential.

The entertainment arm is set to “build on its deep heritage” in developing premium content for distribution “on screens of all sizes”, News Corp says.

It will also benefit from the rapidly-growing and high margin cable network and pay-TV assets and distribution from its global businesses across North and South America, Europe and Asia.

News Corp says the new global publishing company “would have the opportunity to leverage its trusted brands for innovation and value creation across all traditional and digital platforms”.

Rupert Murdoch is set to serve as chairman of both companies and CEO of the entertainment company. Chase Carey will become president and COO of the entertainment company. More leadership roles are set to be announced in the coming months.

The separation is expected to complete in a year, subject to board and shareholder approval. It will also be subject to regulatory approval from bodies such as the US Securities and Exchange Commission.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here