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Report: News Corp. board approves company split

Report: News Corp. board approves company split

June 27th, 2012 in News

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.