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News Corp confirms it is mulling over split

  • Rupert Murdoch's News Corporation has confirmed it is considering splitting itself in two.

    The media giant said it was considering forming "two distinct publicly traded companies", sending its shares up 6.3 percent.

    Reports suggest it will split its broadcasting and publishing businesses, offering protection to its more profitable television operations from its UK newspaper business, which is embroiled in a phone hacking scandal.