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Report: News Corp. board approves company split

The board of directors at Rupert Murdoch's News Corp. has approved a plan that calls for splitting the global media conglomerate into two separate companies, one holding its newspaper business and another its entertainment operations, according to a report in The Wall Street Journal.

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News Corp. Considering Split Into Two Companies

CEO Rupert Murdoch has reportedly warmed to the idea of separating the conglomerate's entertainment businesses from its publishing assets.

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