Rupert Murdoch calls off proposed Fox-News Corp merger
Publishing timestamp: 2023-01-24 17:25:04
Summary
Rupert Murdoch and his son Lachlan have withdrawn their proposal to explore the reunion of Fox News' parent and Wall Street Journal owner News Corp. The potential merger had faced opposition from shareholders, and News Corp CEO Robert Thomson told employees that the decision to call off the proposed deal would have no impact on employees. The combination of the two companies would have unified leadership in Murdoch's empire and cut costs.
Sentiment: NEUTRAL
Keywords: media, entertainment, business news, business, fox corp. class a, news corp class a, breaking news: business,
Source: https://www.cnbc.com/2023/01/24/rupert-murdoch-calls-off-proposed-fox-news-corp-merger.html