News Corp. Split Official

News Corp.’s long-awaited split is official. Rupert Murdoch’s media behemoth Friday completed the separation of its entertainment from its news and information businesses into two publicly traded companies. The new News Corp (spelled with no period, differentiating it from the previous conglomerate) is comprised of Murdoch’s newspapers worldwide, including The Wall Street Journal, New York Post and The Times of London, as well as couponing, book publishing, digital education and other businesses. Post-separation, News Corp, split off so as not to be a drag on the faster-growing entertainment side, will emerge the biggest U.S. newspaper publisher, bigger than Gannett Co. and the New York Times Co. put together.  The old News Corp. had an uneven track record when it came to digital. Robert Thomson, News Corp's new CEO, defended the newspapers' brands while distancing the company from its reliance on print, saying the newspapers would now be known as "platforms" and that the new spinoff would be a launchpad for new digital products. As for the cost cutting that's been widely expected now that the newspapers will have to stand on their own, Thomson told the Financial Times that there would be a "year or two" of transformation that would include "acute" cost cuts as well as new product development. The other company emerging from the split, 21st Century Fox, spans a global portfolio of cable and broadcasting properties including Fox and Fox News Channel and film and TV... Continue reading at 'AdWeek'

[ AdWeek | 2013-06-29 00:00:00 UTC ]
News tagged with: #york post #book publishing #robert thomson #cost cutting #cost cuts #product development

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Banned Books Week Roundup and More Library News

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[ Book Riot | 2024-09-27 12:00:00 UTC ]
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Frankfurt News Conference: An Issue-Energized Trade Show

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[ Publishing Perspectives | 2024-09-24 10:15:38 UTC ]
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The Biggest Book News of the Week

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[ Book Riot | 2024-09-22 15:00:00 UTC ]
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L-WORD Stars Reveal Cover of New Memoir and More Book News!

Plus cover reveals, the Booker Prize shortlist, and the trailer for HEARTSTOPPER Season 3 . Continue reading at Book Riot

[ Book Riot | 2024-09-19 14:30:00 UTC ]
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Axel Springer’s media assets to be split off in €13.5bn KKR deal

Private equity group to control classified business while Mathias Döpfner and Friede Springer will run digital operationAxel Springer has struck a €13.5bn (£11.3bn) deal that will see its media assets, which include Politico, Business Insider and newspapers Bild and Die Welt, hived off into a... Continue reading at The Guardian

[ The Guardian | 2024-09-19 14:19:21 UTC ]
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6 New YA Releases to Enjoy for Latine/Hispanic Heritage Month, Plus YA Book News: September 19, 2024

Six 2024 YA releases that you'll want on your TBR for Hispanic/Latine Heritage Month. Continue reading at Book Riot

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The State of Academic Libraries: Book Censorship News, September 13, 2024

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[ Book Riot | 2024-09-13 12:00:00 UTC ]
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Over 67 Million Viewers Watched ABC News’ Presidential Debate

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[ AdWeek | 2024-09-12 14:10:13 UTC ]
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[ AdWeek | 2024-09-09 13:10:00 UTC ]
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[ Fast Company | 2024-08-16 12:30:37 UTC ]
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