Calling it the next logical step in a near six-decade evolution, Rupert Murdoch’s News Corp. said Thursday that it plans to split into two separate publically traded companies.
Under the proposal, one company will operate as a newspaper and book publisher, while the other will be an entertainment company that includes the 20th Century Fox movie studio, the Fox broadcast TV network and the Fox News channel. It may take a year to work out the details.
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