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News Corp. (NWS) has reportedly advanced its break-up into two companies to the end of this...

News Corp. (NWS) has reportedly advanced its break-up into two companies to the end of this month in order to limit the damage from the U.K. phone-hacking scandal to the publishing arm of the firm. In June, Rupert Murdoch said the unit's split from the film and TV business would take 12 months. The speculation comes along with reports that WSJ managing editor Robert Thomson will become CEO of the publishing ops, while News International CEO Tom Mockridge is leaving.
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