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Murdoch Splits Business, Stays In Control

What does Rupert Murdoch have to say about News Corp.’s imminent split? Quite a bit, in fact, and you read it all in Murdoch’s official “internal” memo explaining the strategy. Not surprisingly, Murdoch isn’t giving up his roles as chairman of either the publishing business, or the entertainment business (or CEO of the entertainment business). So far, “No details on the leadership of the publishing business,” AllThingsD notes. “Inside News Corp., people are keeping a close eye on Murdoch’s son Lachlan, who left the family business in 2005, but may well return.”

Read the whole story at All Things D »

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