Details announced in NewsCorp. split
NEW YORK -- News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.
The conglomerate announced plans this summer to split into two public companies, one for its newspaper and book publishing business and the other for its fast-growing movie and TV operations. Rupert Murdoch will serve as chairman of the new News Corp. and chairman and CEO of Fox Group.
The new News Corp. will house newspapers such as The Wall Street Journal and New York Post as well as Dow Jones Newswires. Fox Group, meanwhile, will include 20th Century Fox film and television studios and the Fox TV channels among other properties.