Report: News Corp. board approves company split
Wednesday, June 27, 2012
NEW YORK (AP) — The Wall Street Journal is reporting that the board of directors at Rupert Murdoch's News Corp. has approved a plan that calls for splitting its newspaper business and entertainment operations into two separate companies.
The Journal, which is News Corp.'s flagship newspaper, cited a person familiar with the situation saying the board voted unanimously to approve the plan, which is expected to be announced early Thursday.
News Corp. spokeswoman Julie Henderson had no comment on the report.