News Corp will split into two separate, public companies: one focused on entertainment and the other on publishing. The company also announced the closing of its tablet newspaper because of low readership.
In a press release, the company announced leadership changes of the publishing company (News Corporation), additional organization changes in the New York office, organizational changes in the London office, and plans for the separation of the publishing company from the entertainment company (Fox Group).
In an internal email, Chairman Rupert Murdoch explained the changes, complimented the employees' work, and shared his personal mission for the company:
"Many of you know that a belief in the power of the written word has been in my bones for my entire life. It began as I listened to my father's stories from his days as a war correspondent and, later, a successful publisher. It deepened when, starting in grammar school, I rolled up my sleeves and worked alongside fellow students to publish school journals. I witnessed the hunger people had for well-written, thoroughly observed stories ... stories that provide not just information, but insight. That hunger is alive and well today; my personal mission is to serve and satisfy the human need for insight as well as I possibly can."
- Read the company's press release in detail. How is it organized? What works well about the structure, and what could be improved?
- What is your reaction to Murdoch's email to employees? What are his most important messages, and how do you think employees might react?