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Rupert Murdoch Is ‘Exploring’ a Reunion of Fox Corp and News Corp (Report)

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thewrap.com

Friday report in The Wall Street Journal.The Journal – itself part of the News Corp side of Murdoch’s holdings – says the discussions are at an “early stage,” with special exploratory board committees forming on both sides.

A merger would bring the media empires back under one roof since Murdoch split his holdings in 2013 into News Corp, which is primarily publishing, and Fox Corp., mostly TV.Murdoch, 91, is currently executive chair of both companies.

His son Lachlan is co-chair of News Corp and executive chair and CEO of Fox.The Journal says Fox Corp. has a market cap of about $17 billion, with News Corp at $9 billion..

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