multichannel connect
careers
all access

Content

News Corp. Shareholders Approve Split

Separation Set For June 28 6/11/2013 1:38 PM Eastern

News Corp. said Tuesday that its shareholders have approved its plan to split into two separate companies, a move that could be completed before the end of the month.

News Corp. proposed a plan to separate its publishing and entertainment businesses into two separate entities – News Corp. and 21st Century Fox last June.

At a special meeting of shareholders on Tuesday, shareholders overwhelmingly approved the split. The company said it is positioned to complete the separation on June 28.    

 “We are pleased that the proposals have been approved by an overwhelming majority of the outstanding shares, and that our shareholders clearly recognize the anticipated benefits of the separation,” News Corp. chairman and CEO Rupert Murdoch said in a statement. “We are on track to complete the separation on June 28 and look forward to launching two new industry leaders.”

 

Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue:
http://engineering.disqus.com/2014/04/10/heartbleed.html

 

April