News Corp. has confirmed that it plans to divide its publishing and entertainment assets into two separate companies.  The board gave its approval yesterday for management to pursue the move, according to the firm's statement. More from Globalpost: News Corp. to be split up?

Hearst served as a director of Hearst Corp. for more than 50 years and became chairman in 1996.

ABC had been hit with a $1.4 million fine for showing the bare bottom of actress on "NYPD Blue."

Beck left his television show on Fox News last April amid slumping ratings, said Reuters, but his radio show has enjoyed a growth rate of 50 percent, adding nearly 200 stations in the last five years.