News Corp.'s (NWS,NWSA) board approved a plan to split the media conglomerate in two pieces, separating its lucrative entertainment operations from its publishing business, the Wall Street Journal reported, citing person familiar with the situation.
The report stated that the split is expected to be formally announced early Thursday morning.
One company will house entertainment businesses like 20th Century Fox, Fox broadcast network and Fox News Channel while another houses the publishing assets, which include The Wall Street Journal and the Times of London along with HarperCollins book publishing and News Corp's education business.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.