News Corp.'s new media co. to be named Fox Group - New York News

News Corp.'s new media co. to be named Fox Group

Posted: Updated:

NEW YORK (AP) -- News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.

The conglomerate announced plans this summer to split into two public companies, one for its newspaper and book publishing business and the other for its fast-growing movie and TV operations. Rupert Murdoch will serve as chairman of the new News Corp. and chairman and CEO of Fox Group.

The company named Wall Street Journal managing editor Robert Thomson as CEO of the new News Corp. He's set to begin his work on Jan. 1.

As part of the changes, News Corp. said it will cease publication of The Daily, its iPad news application, on Dec. 15.

"From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation," Murdoch said in a statement. "Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term."

News Corp. had hoped The Daily would lure both paying subscribers and advertisers to a digital newspaper that included news, gossip and opinion. The publication's intended audience included people who don't read traditional newspapers or watch TV news while still consuming media through other means. But The Daily never caught on. It had just 100,000 subscribers as of July, when News Corp. said it was laying off about one-third of the publication's 170-person staff.

  • EntertainmentMore>>

  • Sneak Peak: The Simpsons meet Family Guy

    Sneak Peak: The Simpsons meet Family Guy

    Monday, July 28 2014 1:01 AM EDT2014-07-28 05:01:56 GMT
    Did you ever wonder what would happen if Homer Simpson met Peter Griffin from Family Guy? You will find out soon. A sneak peak of the upcoming cross-over episode can be found online.
    Did you ever wonder what would happen if Homer Simpson met Peter Griffin from Family Guy? You will find out soon. A sneak peak of the upcoming cross-over episode can be found online.
  • New photos of Gal Gadot as Wonder Woman

    New photos of Gal Gadot as Wonder Woman

    Sunday, July 27 2014 2:39 PM EDT2014-07-27 18:39:42 GMT
    All the wondering for superhero fanatics is finally over. The new Wonder Woman has finally been revealed in new photos. The latest incarnation of Wonder Woman is played by actress Gal Gadot. 
    All the wondering for superhero fanatics is finally over. The new Wonder Woman has finally been revealed in new photos. The latest incarnation of Wonder Woman is played by actress Gal Gadot. 
  • Christopher Nolan, Matthew McConaughey surprise fans at Comic-Con

    Christopher Nolan, Matthew McConaughey surprise fans at Comic-Con

    Comic-Con got off to a great start Thursday when the Paramount panel abruptly ushered off Megan Fox mid-Q&A, replacing her with a surprise appearance.
    Comic-Con got off to a great start Thursday when the Paramount panel abruptly ushered off Megan Fox mid-Q&A, replacing her with a surprise appearance.
  • Local NewsLocal NewsMore>>

  • 'Spider-man' slugs cop in Times Square

    'Spider-man' slugs cop in Times Square

    Sunday, July 27 2014 7:54 PM EDT2014-07-27 23:54:59 GMT
    New York City NewsNew York City News
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
    A man dressed as Spider-Man was arrested on charges he slugged a police officer who told him to stop harassing tourists in Times Square.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices