Wed, June 27, 2012
Rupert Murdoch's News Corporation has confirmed that it is considering splitting itself in two.
The media giant said it was exploring forming "two distinct publicly traded companies", sending its shares up 6.3%.
While News Corp gave no details, reports say it will split its broadcasting and publishing businesses.
Analysts say this would protect its more profitable TV operations from its UK newspaper business, which is embroiled in a phone-hacking scandal.
(Agencies)
