Thursday morning News Corp made official what multiple news outlets had been reporting on for the past few days: the company will split into two publicly traded entities, the much larger (and more profitable) media and entertainment division, as well a smaller publishing business comprising newspapers such as the WSJ, New York Post, and The Times (London) and Sunday Times, its integrated marketing services division, fledgling education company, as well as, of course, HarperCollins. Under the terms of the separation, which needs to be approved by the board and signed off on by regulatory agencies, News Corp’s shareholders “would receive […]
