New company to be known as Fox Group
As part of its move to split into two separate, publicly traded companies, News Corp. has announced that its media and entertainment company, which began in earnest when its chairman and CEO Rupert Murdoch acquired 20th Century Fox and launched the Fox network more than 25 years ago, will be named Fox Group.
The publishing company will retain the News Corp. name.
Murdoch will serve as chairman of both companies and CEO of the Fox Group. Current News Corp. COO Chase Carey will serve as president and COO of Fox Group.
"At Fox Group, what began with the acquisition of a modest film studio over 25 years ago has grown into one of the world's most successful media companies of all times, defying conventional wisdom at every turn by pursuing excellence in creativity and innovation," Murdoch said in a statement. "Fox Group is perfectly positioned to deliver even more inspiring stories that engage audiences through film, television, sports and digital platforms, driving not only financial results but a lasting imprint on the millions of people who enjoy our various services, in every corner of the world."
TVNewsCheck: Fox Group To Emerge From News Corp. Split
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