News Corp May Split Into News and Entertainment Companies

Rupert Murdoch is apparently thinking about breaking up his News International Corporation into two different companies. According to a number of media reports, the two new companies would be made up of a publshing company and an entertainment company. Both would still be controlled by Mr. Murdoch and his family. More here from the Greenslade Blog, the New York Times, and the Toronto Sun.

News Corp and its papers have been the focus of the UK’s Leveson Inquiry phone hacking investigation over the past months. The Atlantic’s Derek Thompson spectulates that the investigation isn’t really the reason for a potential split. What may be propelling a reorganization, if it comes about, is falling revenue. More here.