Murdoch confirms he WILL split News Corp empire

News Corp., Rupert Murdoch's media empire, has confirmed that it will 'wow the world' by splitting its entertainment and publishing businesses into two separate publicly traded companies.

News Corp., Rupert Murdoch's media empire, has confirmed that it will 'wow the world' by splitting its entertainment and publishing businesses into two separate publicly traded companies.

Murdoch will occupy the position of Chairman of both companies as well as Chief Executive Officer of the media and entertainment company, but, in a surprise move, will not directly operate the group's newspapers.

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