Australia to Play Big Role in News Corp.’s Publishing SpinOff

By: John Jannarone | Wall Street Journal

In splitting News Corp. into two companies, Rupert Murdoch is creating something he hasn’t had in years: an Australian media company.

By some measures, the publishing company to emerge from the division of News Corp. sometime next year will have its roots heavily Down Under. Not only do the majority of the newspaper profits come out of that country, the new company gets News Corp.’s interests in Australian and New Zealand television.

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