News Corp To Split

Will separate publishing and entertainment businesses

News Corp has announced it will officially split its publishing and entertainment businesses on 28 June.

Its board approved the separation into two firms, which will both be headed by the current chairman and chief executive Rupert Murdoch.

The publishing firm will retain the News Corp brand, while the other will be renamed 21st Century Fox.

Shareholders had voiced worries about the damage done by events at the News of the World.