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In similar statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The elder Murdoch first floated merging News Corp. — which owns The Wall Street Journal, New York Post, The Sun and The Times in the U.K., and book publisher HarperCollins — and Fox Corp. that controls Fox News, Fox Sports and local TV stations, in October, according to regulatory filings. The media mogul had sent letters to the companies’ boards, which formed committees to look into a possible merger..News Corp. started as one company but split into two in 2013: 21st Century Fox with the entertainment assets and News Corp. with publishing and media assets.
The Murdoch family controls both corporations but had spun off the Fox properties into a separate company after selling a large part of the Fox entertainment empire to Walt Disney Co. for $71 billion in a deal that closed in 2019.Share this article in your social network
Source: News Formal (newsformal.com)
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