Murdoch confirms News split
A board meeting today (Wednesday) will decide whether to split News’ entertainment and publishing businesses into two separately listed companies.
News Corp has retained Goldman Sachs to handle the split process, according to American reports. The three editors of Murdoch’s British titles – Dominic Mohan of the Sun, James Harding of the Times and John Witherow of the Sunday Times – were summoned to New York for a briefing on Tuesday. Tom Mockridge, who is currently chief executive of News International, is also in New York.