“By taking the entertainment out of the news, Rupert Murdoch can boost returns for News Corp. shareholders by at least 32 percent.
News Corp., run by the 81-year-old Murdoch, said it is considering splitting the $53 billion media company. Murdoch is overseeing talks on whether to separate the Fox cable networks, television and movie businesses from publishing, which contains the Wall Street Journal and HarperCollins, people familiar with the situation said. After rising 8.3 percent on the news, News Corp. is still valued at an almost 10 percent discount to media stocks versus earnings, according to data compiled by Bloomberg.”
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