News Corp Execs Meet to Discuss Breakup
Kymberly BaysPublished: 26 Jun, 2012
1 min read
The media juggernaut, News Corporation, is holding a top-level meeting today in New York City to discuss the future of the company, according to New York Times' DealBook. Specifically up for discussion is a potential breakup between the company's newspapers and other entertainment entities.
From the Times article:
The spinoff, which could be announced as early as this week, comes as News Corporation’s newspapers, once the foundation of Rupert Murdoch’s $50 billion media empire, face financial strain and a decline in print advertising. The company’s British publishing unit, meanwhile, is still reeling from a phone-hacking scandal that led to the closure of its News of the World tabloid.
Following news of the potential split, News Corp stocks jumped 8%.
You Might Also Like
Is Trump About to Outflank Democrats on Cannabis? Progressives Sound the Alarm
As President Donald Trump signals renewed interest in reclassifying cannabis from a Schedule I drug to Schedule III, a policy goal long championed by liberals and libertarians, the reaction among some partisan progressive advocates is not celebration, but concern....
08 Dec, 2025
-
5 min read
From the Palisades to Simi Valley, Independent Voters Poised to Decide the Fight to Replace Jacqui Irwin
The coastline that defines California’s mythology begins here. From Malibu’s winding cliffs to the leafy streets of Brentwood and Bel Air, through Topanga Canyon and into the valleys of Calabasas, Agoura Hills, and Thousand Oaks, the 42nd Assembly District holds some of the most photographed, most coveted, and most challenged terrain in the state. ...
10 Dec, 2025
-
6 min read
Ranked Choice for Every Voter? New Bill Would Transform Every Congressional Election by 2030
As voters brace for what is expected to be a chaotic and divisive midterm election cycle, U.S. Representatives Jamie Raskin (Md.), Don Beyer (Va.), and U.S. Senator Peter Welch (Vt.) have re-introduced legislation that would require ranked choice voting (RCV) for all congressional primaries and general elections beginning in 2030....
10 Dec, 2025
-
3 min read