Rupert Murdoch's News Corp formally applied to the U.S. Securities and Exchange Commission to separate its publishing and entertainment assets into two independent, publicly traded companies.The new News Corp will comprise a range of newspaper brands, information and integrated marketing services, digital real estate services, book publishing, digital education, and sports programming and pay-TV distribution in Australia, the company said in a statement.Robert Thomson, a close confidant of Murdoch and currently managing editor of the Wall Street Journal and editor in chief of its publisher Dow Jones & Co, will lead the new publishing company."The filing of the Form 10 is another important step forward in the evolution of our company and in the establishment of two independent global leaders in Fox Group and the new News Corporation," CEO Murdoch said.
News Corporation is a diversified global media company. Shares of NWSA remained unchanged at $25.42. In the past year, the shares have traded as low as $13.55 and as high as $24.04. On average, 19309000 shares of NWSA exchange hands on a given day and today's volume is recorded at 200.
Source
