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News Corp to be split in two, Rupert Murdoch confirms

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?

News Corp could be split up, Wall Street Journal reports

The Murdoch family would remain in control of both new companies, the News Corp-owned Wall Street Journal reports.

Rupert Murdoch 'not fit' to run international company, say British MPs

The panel said Rupert Murdoch was "not a fit person to exercise the stewardship of a major international company."

Rupert Murdoch and sons re-elected to News Corp. board

Rupert Murdoch apologized for the phone hacking scandal, but defended his company against angered investors at the News Corporation's board meeting in Los Angeles on Friday.
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