Top Line

Billionaire media mogul Rupert Murdoch is considering re-merging News Corporation and Fox Corporation into one company, wall street journal Newspapers and other print products, similar to Fox News.

Key Facts

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news corporation Told In a news release it has set up a special committee to evaluate a possible deal to unite them in response to letters from Rupert Murdoch and the Murdoch Family Trust.

According to News Corp, discussions are in the early stages and no decision has been taken.

Fox Corp. is the larger of the two companies and is the broadcast arm of the Murdoch media empire, which has products such as Fox Network Suite, TMZ and the Tubi streaming service, while News Corp. has magazine, New York Post and HarperCollins Publishing Company, among others.

News Corp stock rose on the report on Friday, rising nearly 4.5% to $16.30 per share in after-hours trading, while Fox Corp’s Class A stock fell nearly 0.5% to $31.40 from its closing price.

Fox Corp. did not immediately respond to a request for comment. Forbes,

main background

91-year-old Ruper Murdoch split and before The 2013 edition of News Corp. split into two companies, protesting from shareholders that separate print and broadcast companies "enable us to respond more quickly in rapidly evolving markets." The broadcast company was originally called 21st Century Fox before reforming as Fox Corp in 2019 after Disney bought the company's entertainment assets. The Murdoch family is the primary shareholder of both Fox Corp. and News Corp., and maintains a firm hold over the operations of both companies—Rupert Murdoch is the CEO of News Corp. and the chairman of both companies, while his son, Lachlan Murdoch, is the CEO of Fox Corp. .


People familiar with the discussion told wall Street magazine That a reintegration is no guarantee and alternative strategies may also be studied.

big number

About $26 billion. This is the combined market cap of the two companies. Fox Corp is worth about $16.7 billion and News Corp is worth about $9.1 billion.

forbes evaluation

We estimate that Rupert Murdoch and his family are worth around $16.9 billion, almost entirely thanks to the media empire.

Rupert Murdoch explores reuniting his media empire by reuniting Fox and News Corp. (Wall Street Journal)

News Corp. shareholders approve split (Wall Street Journal)

What the Disney-Fox deal means for Rupert Murdoch's fortune (Forbes)