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News Summary: News Corp. splitting into News, Fox

Monday - 12/3/2012, 4:42pm  ET

By The Associated Press

(AP) - SPLITTING UP: News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.

THE PROPERTIES: The new News Corp. will house newspapers such as The Wall Street Journal and New York Post as well as Dow Jones Newswires. Fox Group, meanwhile, will include 20th Century Fox film and television studios and the Fox TV channels, among other holdings.

DAILY'S DEMISE: As part of the changes, News Corp. said it will cease publication of The Daily, a news application created for the iPad, on Dec. 15.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)