News Corporation announced additional details about its coming split on Monday, including a plan to cease publication of The Daily, its stand-alone tablet newspaper.
The publishing company, which will keep the name News Corporation and will include The Wall Street Journal, The New York Post, HarperCollins and Australian television assets, will be led by Robert Thomson, the current editor in chief of the The Journal. (He will be succeeded at The Journal by his deputy, Gerard Baker.)
The entertainment company will be called Fox Group, and will include Fox Broadcasting, Fox News and the 20th Century Fox studio. Chase Carey, currently president and chief operating officer at News Corporation, will remain in that role at Fox Group, with James Murdoch serving as his deputy.
Rupert Murdoch, chairman and chief executive of News Corporation, will continue to serve as chief executive at Fox Group and will be chairman of the publishing company.
A company news release that announced the changes also mentioned the shuttering of The Daily. The tablet-only daily publication was introduced with much fanfare by Mr. Murdoch and Apple as a way to revolutionize the news business. But the publication struggled to gain readers and relevance.
Jesse Angelo, executive editor of The Daily and The New York Post, will become publisher of The Post. Some members of the staff of The Daily will be absorbed into The Post’s newsroom, the company said.
In June, News Corporation said it would split into two separate, publicly traded companies.
In a nostalgic memo to staff, Mr. Murdoch praised the idea of a separate company devoted almost entirely to newspapers. “Many of you know that a belief in the power of the written word has been in my bones for my entire life,” he wrote. “It began as I listened to my father’s stories from his days as a war correspondent and, later, a successful publisher.”
Amy Chozick is The Times’s corporate media reporter. Follow @amychozick on Twitter.
This post has been revised to reflect the following correction:
Correction: December 3, 2012
An earlier version of this post misstated the first name of the editor who will succeed Robert Thomson as editor in chief of The Wall Street Journal. He is Gerard, not Gerald, Baker.
Article source: http://mediadecoder.blogs.nytimes.com/2012/12/03/news-corp-announces-its-corporate-split-and-the-closing-of-the-daily/?partner=rss&emc=rss