News Corp.’s Murdoch Said To Consider Splitting Company

Apparently, Rupert Murdoch is considering splitting his News Corp. media company into two, one unit focusing on publishing and the other on entertainment.

Murdoch, who is chairman and chief executive officer of News Corp., is overseeing internal discussions on whether to separate the New York-based company’s businesses. The talks are at a late stage. “I don’t think most corporate shareholders want to have exposure to U.K. newspaper assets,” said Alex DeGroote, an London-based analyst at Panmure Gordon. “But I think Rupert Murdoch wants the assets, so there’s a conflict between what shareholders want and what Rupert wants, so one way around that is de-merge them.”