News Corp. Renames Film, TV, Media ‘Fox Group’3 Dec, 2012 By: Erik Gruenwedel
News Corp. Dec. 3 formally renamed its media and entertainment division “Fox Group” — more than 25 years after it acquired 20th Century Fox Studio and launched Fox Television.
Chase Carey, who continues with the titles of president and chief operating officer, will head Fox Group. As previously announced, Rupert Murdoch will serve as chairman of the new News Corp. and chairman and CEO of Fox Group.
Due to changing market conditions, Murdoch earlier this year announced he would separate News Corp.'s publishing and print businesses, including Dow Jones and The Wall Street Journal, from the media and entertainment division.
Robert Thomson, Dow Jones editor-in-chief and managing editor of The WSJ, will become the CEO of the new proposed publishing entity, following the company’s intended separation into two independent, publicly traded companies.
Murdoch’s son, James, continues in his role as deputy COO of Fox Group.
News Corp. also said it would shutter The Daily, its standalone iPad newspaper, Dec. 15.
There were no announced organizational or management changes at Fox studio, which includes 20th Century Fox Home Entertainment.