Rupert Murdoch has finally warmed to the idea of News Corp. separating its publishing properties from its entertainment holdings.
“It would essentially mean splitting off the newspaper business that once formed the heart of the company from the Fox movie studio and television networks that now represent the strongest and most profitable parts of Rupert Murdoch‘s media empire,” writes Michael J. De La Merced.
The Wall Street Journal makes these points:
* A final decision on the split, which has been discussed internally for years, hasn’t been made.
* The idea isn’t expected to change the Murdoch family’s control of the businesses.
* Outside investors would welcome the split because they’re more interested in News Corp.’s TV/film assets than its publishing properties.