News Corp. board approves splitting company

Rupert Murdoch tells his employees:

“Over the years, I have become accustomed to the noise of critics and naysayers…and pretty thick-skinned! Remember what they said when we started the Fox Network, Sky, Fox News and The Sun? These experiences have made me more resilient. And they should you, as well.”

* News Corp. board approves split in principle (WSJ.com)
* Read the memo that Murdoch sent his employees this morning (NYTimes.com)

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