News Corp. confirmed it’s considering splitting its assets into two companies. ...
News Corp. confirmed it’s considering splitting its assets into two companies. The Wall Street Journal, which News Corp. owns, reported the move would separate the company’s newspaper and book publishing assets from the rest of its businesses, which include broadcast…
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and cable networks. News Corp. shares gained 8.3 percent Tuesday. The biggest question for some investors is who will get News Corp.’s $11 billion in cash in the event of a split, Sanford Bernstein analyst Todd Juenger wrote investors. “One possible use of the cash is a special dividend, rewarding shareholders and ’solving’ the cash problem.” In the alternative, News Corp. could keep the cash and make another attempt to buy out BSkyB, despite the likelihood that such a move would prove politically unpopular, he said.