Rupert Murdoch explores putting Fox and News Corp back together
President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a dinner to commemorate the 75th anniversary of the Battle of the Coral Sea during WWII onboard the Intrepid Sea, Air and Space Museum May 4, 2017 in New York.
Brendan Smialowski | AFP | Getty Images
Rupert Murdoch is in the early stages of exploring whether to put his media companies News Corp. and Fox Corp. back together, The Wall Street Journal reported Friday, citing people familiar with the matter.
The Journal is part of News Corp. Fox Corp., the leftovers from the 2019 20th Century Fox sale to Disney, owns Fox News and Fox Business, a CNBC competitor. Murdoch, 91, split Fox and News Corp. in 2013. He is the chairman of Fox and the executive chairman of News Corp. His son Lachlan Murdoch is CEO of Fox and co-executive chairman of News Corp.
CNBC has reached out to Fox and News Corp.
The Murdoch family has a 42% voting stake in Fox and a 39% voting stake in News Corp., according to the Journal.
News Corp. also includes book publisher HarperCollins, scandal sheet the New York Post and news outlets in the U.K. and Australia, where Murdoch was born and founded his media empire. Fox’s holdings also include the Fox broadcast network.
Read the full Journal report here.
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