News Corp announces plans to split

Discussion in 'Business and Media' started by JJ Mindset, Jun 29, 2012.

  1. JJ Mindset

    JJ Mindset Member

    Joined:
    Dec 7, 2000
    http://online.wsj.com/article/APec2e77949aeb4de7ac7155e08b2bb7de.html
    http://www.multichannel.com/article/486578-Murdoch_Split_Has_Nothing_to_Do_With_Hacking_Scandal.php
    http://www.washingtonpost.com/business/industries/news-corp-announces-plans-to-split/2012/06/28/gJQAmcjX9V_video.html

    The gist of it is that the newspaper and the publishing part will be spun off into a new company, with the cable, broadcast and studio in another company. Murdoch wants to be chair at both. This could affect plans for Fox Soccer and any possible new Fox Sports channel.


  2. ant0n

    ant0n Member+

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    HOW
    ???
  3. JJ Mindset

    JJ Mindset Member

    Joined:
    Dec 7, 2000
    With the controversy associated with the hacking scandal, there was a chance, albeit small, that Federal authorities would have launched an investigation into the practices of News Corp. However, what prompted this split was pressure from stockholders, not the government. Their argument has been that the overall value of the corp. was being dragged down by the shananigans at the newspaper side.

    Well, it looked Murdoch had to acceed to some of their demands with this stock split. It also means that there will likely be someone who is going to take greater helm at the broadcasting/cable/digital side. I hear Chase Carey would take over that side. If true, it would mean a more business-oriented approach, as opposed to the personal/political approach of the Murdochs. Any business-oriented approach would require combing over the assets to see where the greatest potential of profits lie. While sports is increasingly more in demand, that doesn't mean that all sports channels can be viable. Is there a future for Fox Soccer or other niche channels at the "new" News Corp.? That's the big question.
  4. JJ Mindset

    JJ Mindset Member

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