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Search resuls for: ". News Corp"


2 mentions found


☆ Rupert Murdoch’s odd reunion simplifies succession
  + stars: | 2022-10-17 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
NEW YORK, Oct 17 (Reuters Breakingviews) - Rupert Murdoch is seeking to stitch his empire back together again. The media mogul’s family trust wants to reunite News Corp (NWSA.O) and Fox (FOXA.O) almost a decade after they split. The boards of News Corp and Fox said Friday they had formed special independent committees to explore a potential merger. Rupert Murdoch and his family trust control approximately 42% of voting shares in Fox and 39% of voting shares in News Corp. The companies split in 2013.
☆ Rupert Murdoch considers combining Fox, News Corp
  + stars: | 2022-10-14 | by ( Yuvraj Malik Dawn Chmielewski | Yuvraj Malik | Dawn Chmielewski | ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - Rupert Murdoch started a process that could reunite his media empire, News Corp (NWSA.O) and Fox Corp (FOXA.O) disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. If a deal goes through, the combination will allow Murdoch greater control over his media assets and help the companies trim costs. Media companies are fighting decades-low growth in advertising sales and for users' attention against deep-pocketed social media and content websites. It make sense, in this context, to reunite Fox and News Corp to create a company with complementary assets and greater scale, the person familiar with the proposal said. His son Lachlan Murdoch is chairman and CEO of Fox Corp.As of market-close on Friday, News Corp had a market cap of $9.31 billion and Fox Corp was $16.84 billion, according to Refinitiv.
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