Breaking: Murdoch splits empire, places Fox News in Entertainment Division

[KamaAina]

http://m.dailykos.com/story/2012/06/28/1103852/-Breaking-Murdoch-splits-empire-places-Fox-News-in-Entertainment-Division

Following up on my diary from yesterday: News Corporation is being split into separate entertainment and publishing companies, in part to isolate the money making former from the phone hacking related liabilities of the latter.

The publishing company will will include News International's UK newspapers, the Sun, the Times and the Sunday Times, along with the Wall Street Journal, the New York Post, Dow Jones news and financial information service, the Australian, HarperCollins book publishing operation, and News Corp's fledgling digital education business....

The other company will contain the more profitable operations in the Murdoch Empire, including 20th Century Fox, Fox broadcast network and Fox News Channel.

Yes, that's correct. Fox News has been officially acknowledged to be entertainment.

[belzabubba333]

1. it's not even that

[Kingofalldems]

2. You mean Steve Doocy isn't a journalist?

[Historic NY]

3. Guess that means they're all actors...

[merrily]

4. I guess they didn't have a "Make It Up As You Go Along and Call It News Division."

Wouldn't it be nice if you could really protect your money by forming separate entities AFTER you've been caught. I don't think it works that way, unless some fools let it.

[The Magistrate]

5. Thought Sure This Was The Onion, Sir....

Poe's Law has two edges....

[valerief]

6. Fair and Balanced Entertainment. nt

[eppur_se_muova]

7. Well ... Disinfotainment, really. nt

[Liberal In Texas]

8. The Fox News division has always been a part of Fox Entertainment Group.

And this story is 2 years old and it's actually about the split between print and media (broadcast, movies, etc.)

So, no news here, and certainly not "Breaking".

[onenote]

9. +1