Rupert Murdoch to Spend Billions on Video Rights
Posted: 2/4/2013 | By: Katherine Rushton | The Telegraph
The video investment comes amid News Corp moves to split off its valuable
television and film assets from its slower-growing publishing operation,
which will be spun off into a separate public company retaining the News
The “new News Corp”, as it is currently known, has set aside $1bn to fuel the
spending spree, but is understood to be in discussions to increase that
figure to $3bn.