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News Corp board approves company split - source
Jun 28th, 2012
(Reuters) - The board of News Corp approved in principle splitting the $60 billion (38 billion pounds) media conglomerate into separate publishing and entertainment businesses, a person familiar with the situation said on Thursday. News Corp's board, overseen by chairman Rupert Murdoch, met on Wednesday and an announcement was expected later on Thursday on the decision to create two publicly traded companies, the source said, confirming a report in the Wall Street Journal. ... (Source: Reuters) -
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