News Corp Will Split in Two
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John Horn of the Los Angeles Times talks with All Things Considered host Steve Chiotakis about the announcement that News Corp. will split into two separate companies, effectively putting the entertainment assets in one and the publishing assets in another. The entertainment elements to the conglomerate have long been the more profitable. They include 20th Century Fox, Fox Searchlight, FX, B Sky B and others. The publishing arm, which has been buoyed by the entertainment side for years, includes the Wall St. Journal, the New York Post and countless other print entities worldwide. Rupert Murdoch denied that the phone-hacking scandal that has engulfed News Corp and its tabloids for the last year had anything to do with this decision.