News Corp Will Start Its New Life With $2.6bn After Split

Monday 20th May

News Corp Will Start Its New Life With $2.6bn After Split

Posted at 7:48PM Saturday 09 Mar 2013

Rupert Murdoch's News Corp will start its new life primarily as a publishing company with no debt and $2.6bn (£1.7bn) in cash when it is spun off.

The company, which is splitting from its TV and film interests, said in a regulatory filing that it would have assets worth $18.6bn.

These include the Wall Street Journal, Times and Sun newspapers, and book publisher HarperCollins.

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