Shareholders in the media conglomerate formerly known as News Corporation breathed an all but audible sigh of relief Monday as a split-up plan announced a year ago culminated in the first full day of trading for the stocks of the two offspring companies.

Shares in 21st Century Fox , the entity that comprises the broadcast and cable television assets and the 20th Century Fox film studio, closed at $29.35, up just over 2% for the day.

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