MUMBAI: Last December, the 21st Century Fox had announced the separation
of its business into two independent publicly-traded companies.
And starting 1 July, the Rupert Murdoch owned News Corporation completed
its separation process.
news of the split affected the trading as the News Corp shares saw
a downward slide while the stocks of 21st Century Fox closed with
a little high on NASDAQ. The first day saw a two per cent increase
in the 21st Century Fox shares. On the other day News Corp plunged
five per cent.
publishing firms like The Wall Street Journal and Harper Collins
as well as the other news and information services will be under
News Corp's banner, while 21st Century Fox will have Star, Twentieth
Century Fox, Fox, Sky, National Geographic, Fox News, Fox Sports
Company's assets will also include pay-tv businesses Sky Deutschland,
Sky Italia and its equity interests in BSkyB and Tata Sky.
Century Fox launches as a unique force bringing news and entertainment
to more than a billion customers every day in over 100 languages,"
said 21st Century Fox chairman and CEO Rupert Murdoch. "Our
success will continue to be rooted in a deep belief in originality
and a commitment to empowering creative minds and entrepreneurs
around the world. Our management teams are the best in the business
and we will drive growth and shareholder value by expanding our
existing assets and brands, while embracing new opportunities and
previously announced, Rupert Murdoch will serve as chairman of the
new News Corporation and chairman and CEO of Fox Group. Chase Carey
will serve as president and COO of Fox Group, with James Murdoch
continuing in his capacity as Deputy Chief Operating Officer.