Official: News Corp splitting TV and print business into two

Official: News Corp splitting TV and print business into two
Sky going its separate way

Rupert Murdoch has confirmed that he is planning to split News Corp into two separate entities, subject to shareholder approval.

There has been many a rumour that Murdoch wanted to distance News Corp's print business from its insanely profitable TV arm, after allegations of phone hacking hit the now-defunct Sunday paper News of the World.

These rumours have proven to be true with the announcement that News Corp will be split into two companies, one which holds all television and movie assets and the other a publishing business in its own right.

State of play

A statement has been released about the plans, which explains a little bit about what is being put into place for Sky TV and the like.

"As a pure-play content producer and distributor, the company would build on its deep heritage in developing incredibly strong, premium content for distribution on screens of all sizes by leveraging its leading content across its entertainment and cable news verticals, as well as its unparalleled collection of regional sports networks, and the industry's leading movie and TV production and distribution company.

"In addition, the entertainment company would benefit from its rapidly growing, high-margin cable network and pay-TV assets, and the distribution capabilities and opportunities associated with its unrivaled global footprint with significant scale across North and South America, Europe and Asia."

It is thought it will take 12 months for the separation to go through.

Speaking about the split, Murdoch said: "I am 100 per cent committed to the future of both the publishing and media and entertainment businesses and, if the board ultimately approves a separation, I would serve as chairman of both companies."

It will be interesting to see if the split ultimately means that Murdoch can take full control of BSkyB - the company in which News Corp currently holds a 39 per cent stake, but this was set to be upped to 61 per cent back in June before the hacking scandal took its toll.

Marc Chacksfield

Marc Chacksfield is the Editor In Chief, Shortlist.com at DC Thomson. He started out life as a movie writer for numerous (now defunct) magazines and soon found himself online - editing a gaggle of gadget sites, including TechRadar, Digital Camera World and Tom's Guide UK. At Shortlist you'll find him mostly writing about movies and tech, so no change there then.

Latest in Televisions
Samsung QN90F on yellow background
Samsung announces US prices for its 2025 mini-LED TV lineup, and it’s good and bad news
Hisense U7N Prime Day 2024 deal image
The Hisense U7N was one of the best TVs I tested in 2024, and it just had its price slashed at Amazon
Samsung HW-Q990D soundbar with Halloween theme over the top
Samsung promises to repair soundbars bricked by its disastrous software update for free – but it'll probably involve shipping
LG C3 deal image on blue background
Woah – LG's C3 OLED TV just crashed to its lowest price ever for March Madness
Samsung Wireless One Connect on stone pedestal
I tested Samsung's new wireless TV connection box, and gamers need to know one thing
Samsung S95D with peacock feather on screen
Samsung says an OLED-beating new screen tech could come sooner than we thought – but I wouldn't expect it in 4K TVs right away
Latest in News
EA Sports F1 25 promotional image featuring drivers Oscar Piastri, Carlos Sainz and Oliver Bearman.
F1 25 has been officially announced, with this year's entry marking a return for Braking Point and a 'significant overhaul' for My Team mode
Garmin clippd integration
Garmin's golf watches just got a big software integration upgrade to help you improve your game
Robert Downey Jr reveals himself as Doctor Doom to a delighted crowd at San Diego Comic-Con 2024
Marvel is currently making a major announcement about Avengers: Doomsday's cast on YouTube, and I think it's going to be a long-winded reveal
Samsung QN90F on yellow background
Samsung announces US prices for its 2025 mini-LED TV lineup, and it’s good and bad news
Nintendo Switch Lite
Forget the Nintendo Switch 2, the original Switch is getting one last hurrah in a surprise Nintendo Direct tomorrow
The Samsung Galaxy S25 Edge on display the January 22, 2025 Galaxy Unpacked event.
Samsung Galaxy S25 Edge colors seemingly revealed in new video, and there’s another sign of an imminent launch