News Corp. Board Said to Approve Plan to Split Company in Two

News Corp. Board Said to Approve Plan to Split Company in Two

Scott Eells/Bloomberg

News Corp., owner of the Wall Street Journal, Fox Broadcasting and Fox News, rose 2.5 percent to $22.31 at the close in New York. The shares have climbed 25 percent this year, partly driven by speculation that arose after Chief Operating Officer Chase Carey said in February that the company would consider a spinoff of the publishing unit.