Current Weather
The Spy FM

News Corp. Confirms Split; Rupert Murdoch Will Chair Both Companies

Filed by KOSU News in Business.
June 28, 2012

Saying that the move will create two companies, one a “world-class” publisher and the other an “unmatched global media and entertainment” giant, Rupert Murdoch’s News Corp. just confirmed it is planning to separate into two distinct units.

Murdoch, a legend in the news and entertainment businesses whose TV ventures include Fox News Channel, will “serve as chairman of both companies and CEO of the media and entertainment company,” the company added.

As we reported Tuesday, News Corp. is responding to pressure from some investors who aren’t interested in its relatively slow-growing publishing ventures, which include The Wall Street Journal and New York Post, newspapers in Australia and a collection of British tabloids that have been caught up in the so-called hacking scandal over in the U.K.

All sorts of legal steps — including getting the OK from shareholders and regulators — still need to happen before the split occurs. News Corp. says “the separation is expected to be completed in approximately 12 months.” [Copyright 2012 National Public Radio]

Leave a Reply

10AM to 12PM The Toaster Brunch

The Toaster Brunch

The Toaster Brunch is our Sunday morning Reggae show, hosted by E-Roy. The Toaster Brunch has an active following of scooter clubs and rastas from around the world. E-Roy is also a high school principal.

Listen Live Now!

12PM to 1PM This American Life

This American Life

Take in a slice of Americana with critically acclaimed host Ira Glass on "This American Life." Each week he picks a theme, then gives his writers and performers the freedom to weave real stories from real people around that theme in a manner they find most engaging.

View the program guide!

1PM to 2PM Seasonal Shows

Seasonal Shows

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center