News Corp. announced that it would split into two companies. The company will spin off its troubled newspaper division, leaving its broadcast division as a stand alone company. In a nod to the possibility of reverse synergies, two investment banks noted that as stand alone businesses, the companies combined value could be between $70 and $77 billion at a time when the combined company is worth about $53 billion. http://www.bloomberg.com/news/2012-06-28/news-corp-board-said-to-approve-plan-to-split-company.html
And here is News Corp. chairman and CEO Rupert Murdoch's explanation of the split and other factors about the split. http://www.bloomberg.com/video/murdoch-success-carries-its-own-burdens-Aiix_Cx0RMaGQTB9zLXkPQ.html
