News Corp.'s new media co. to be named Fox Group

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)
December 3, 2012 7:01:36 AM PST
News Corp. says that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.

The conglomerate announced plans this summer to split into two public companies, one for its newspaper and book publishing business and the other for its fast-growing movie and TV operations.

The company on Monday named Wall Street Journal managing editor Robert Thomson as CEO of the new publishing company. He's set to begin his work as incoming CEO to the publishing company on Jan. 1.

Rupert Murdoch remains slated to serve as chairman of the new News Corp. and chairman and CEO of Fox Group.

The company also says that it will end standalone publication of The Daily iPad app on Dec. 15.


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