News Corp. (NWS) officially splits its publishing business and entertainment business today with the new News Corp. (NWSA) and 21st Century Fox (FOXA) making their trading debuts. What to watch: Though shrinking newspaper sales are a concern for the new New Corp., the company is expected to start pursuing acquisitions using its $2.6B in cash. 21st Century Fox won't be saddled with the sluggish newspaper operations anymore, but valuation could quickly be a concern if shares fly.
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