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News Corp Backers OK Plan; News To Go It Alone

The newspaper and publishing assets of  News Corp must get by without the help of well-heeled entertainment and cable assets, following a Tuesday vote by investors. The vote gave formal approval to a long awaited plan to split News Corp into two companies on June 28th: an entertainment concern called 21st Century Fox and a new News Corp that will house the book publisher Harper Collins, Dow Jones and Australian newspaper and TV assets.

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