1. Breakup

    News Corp. May Split in Two

    Rupert Murdoch, chief executive officer of News Corp., answers questions during the launch of The Daily electronic magazine for the Apple Inc. iPad tablet computer in New York, U.S., on Wednesday, Feb. 2, 2011. Murdoch introduced the news publication tailored specifically for Apple Inc.'s iPad, in a bid to expand his media empire with a new business model for delivering content digitally. Photographer: Jonathan Fickies/Bloomberg via Getty Images *** Local Caption *** Rupert Murdoch

    Jonathan Fickies / Bloomberg via Getty Images

    News Corp. is reportedly considering dividing into two companies to separate its publishing companies, like The Wall Street Journal, from its entertainment business, which includes Fox News and 20th Century Fox. Rupert Murdoch has previously opposed such a split but is reportedly showing support now. The Murdoch family would still have effective control over both businesses. The company’s entertainment holdings are far more valuable than its publishing side. The entertainment assets made up three quarters of the company’s $25.34 billion in revenue for the first nine months of the fiscal year, while contributing roughly 90 percent of the company’s profit during that period.

    Read it at The Wall Street Journal