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News Corp. board approves company split

/ 10:48 AM June 28, 2012

NEW YORK— The Wall Street Journal is reporting that the board of directors at Rupert Murdoch’s News Corp. has approved a plan that calls for splitting its newspaper business and entertainment operations into two separate companies.

This combination of Associated Press file photos show a Fox Sports logo, left, and a person holding a copy of a Wall Street Journal, right. AP/Ross D. Franklin, Matt Dunham, File

The Journal, which is News Corp.’s flagship newspaper, cited a person familiar with the situation saying the board voted unanimously to approve the plan, which is expected to be announced early Thursday.

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News Corp. spokeswoman Julie Henderson had no comment on the report.

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TAGS: News Corp., newspaper business, Rupert Murdoch, Wall Street Journal
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