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News Corp splitting; Sony acquires EMI Music Publishing

Fox news

“Calling it the next logical step in an evolution over nearly six decades, Rupert Murdoch’s News Corp. said Thursday that it will split into two publicly traded companies. As part of the split, one company will operate as a newspaper and book publisher, and the other will be an entertainment company that will include the 20th Century Fox movie studio, the Fox broadcast TV network and the Fox News cable channel.” [Wall Street Journal]

“An investor group led by Sony closed its $2.2 billion acquisition of EMI Music Publishing on Friday, creating a giant force in music publishing, the unglamorous but lucrative side of the music business that deals with songwriting rights.” [NY Times]

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