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THE UNIVERSITY DAILY KANSAN
MEDIA
ASSOCIATED PRESS
Fox Sports (above) and The Wall Street Journal are products of News Corp., which is splitting into two companies.
Murdoch companies to separate into two
NEW YORK - Calling it the next logical step in a near six-decade evolution, Rupert Murdoch's News Corp. said Thursday that it plans to split into two separate publicly traded companies.
Under the proposal, one company will operate as a newspaper and book publisher, while the other will be an entertainment company that includes the 20th Century Fox movie studio, the Fox broadcast TV network and the Fox News channel. It may take a year to work out the details.
The Murdoch family, which controls nearly 40 percent of the voting shares in News Corp., is expected to maintain control of both companies.
Rupert Murdoch said in a conference call with investors that a split would result in two strong companies that have more operational flexibility and be poised for greater growth.
"Each of these new companies would have the potential to continue that journey and prosper as an independent entity long into the future," Murdoch said.
Associated Press
MONDAY, JULY 2, 2012
Ann Curry ousted from Today show
TELEVISION
Curry, who was co-host with Matt Lauer for a year after several years as the news anchor, was removed as host of the show after 14
NEW YORK - For a morning show used to celebrating family and a connection with its audience, the "Today" show's farewell to co-host Ann Curry on Thursday was brief, tearful and sad.
years. She fought back tears on the air, saying "this is not as I expected to ever leave this couch."
Her departure ended a week's worth of awkward television. She came to work after word got out that NBC was looking to oust her, with neither she nor the network commenting on the stories until Thursday. "I'm sorry I couldn't carry the ball over the finish line but, man, I did try," she said.
Associated Press
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Yesterday's Cryptoquip: I PROBABLY SHOULDN'T
BE GOBBLING DOWN PITA AT THIS LATE HOUR.
IT'S WAY PAST MY BREAD TIME.
Today's Cryptoquip Clue: Z equals H
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23 Pseudo-
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