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President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a meal to commemorate the 75th day of the Battle of the Coral Sea during WWII onboard the Intrepid Sea, Air and Space Museum May 4, 2017 successful New York.
Brendan Smialowski | AFP | Getty Images
Rupert Murdoch is successful the aboriginal stages of exploring whether to enactment his media companies News Corp. and Fox Corp. backmost together, The Wall Street Journal reported Friday, citing radical acquainted with the matter.
Both companies person established committees to see a re-merger, the Journal added, noting that they could see different strategical alternatives.
The Journal is portion of News Corp.'s Dow Jones unit. Fox Corp., the leftovers from the $71.3 cardinal 21st Century Fox merchantability to Disney successful 2019, owns close helping networks Fox News and Fox Business, a CNBC competitor.
The discussions travel arsenic the assemblage shrinks for some people media and cablegram television, arsenic readers and viewers progressively get their quality and amusement from societal media, online quality and streaming services.
Murdoch, 91, divided Fox and News Corp. successful 2013. He is the president of Fox and the enforcement president of News Corp. His lad Lachlan Murdoch is CEO of Fox and co-executive president of News Corp.
CNBC has reached retired to Fox and News Corp. for comment.
The Murdoch household has a 42% voting involvement successful Fox and a 39% voting involvement successful News Corp., according to the Journal.
News Corp. besides includes publication steadfast HarperCollins, ungraded expanse the New York Post and quality outlets successful the U.K. and Australia, wherever Murdoch was calved and founded his media empire. Fox's holdings besides see the Fox broadcast network.
Read the afloat Journal study here.
This is breaking news. Check backmost for updates.
English (US) ·