(Reuters) News Corp said on Thursday its board had approved a plan to split the company into two entities, and that Rupert Murdoch will remain as chief executive of its new, separate entertainment company.
The company will split the $60-billion media conglomerate into publicly traded publishing and entertainment companies, with Murdoch as chairman of both, and his family retaining control. It didn't name an executive to lead the new publishing business.
News Corp Chief Operating Officer Chase Carey will remain in that role in the new entertainment business.
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