News Corp announces plans to split

News about Rupert Murdoch is displayed on the Fox News ticker at a building which houses the News Corp. headquarters, Friday, July 15, 2011, in New York. Murdoch accepted the resignation of The Wall Street Journal's publisher and the chief of his British operations on Friday as the once-defiant media mogul struggled to control an escalating phone hacking scandal with apologies to the public and the family of a murdered schoolgirl. The controversy claimed its first victim in the United States as Les Hinton, chief executive of the Murdoch-owned Dow Jones & Co. and publisher of the Wall Street Journal, announced he was resigning, effective immediately. (AP Photo/Mary Altaffer)

June 28, 2012 9:36:48 AM PDT
Under pressure to limit contagion from the British phone hacking scandal, Rupert Murdoch's News Corp. said Tuesday that it is considering splitting into two publicly traded companies.

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