News Corp

News Corporation, doing business asNews Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include: Dow Jones & Company, which is the publisher of The Wall Street Journal; News UK, publisher of The Sun and The Times; News Corp Australia; REA Group, operator of realestate.com.au and realtor.com; and book publisher HarperCollins.

After News Corp announced its plan to split publicly on June 28, 2012, they had planned for it to be a necessary change in order to prioritize the separate needs of each company. Since they were going to be separate companies, each having its own team, it was supposed to make both companies more efficient relative to market changes. When News Corp officially split with Fox News on June 28, 2013, News Corp took a modified approach by changing the way they reported news and ads, while including other broader topics, which helped to increase viewers. This is a prime example of how the separation of companies led to immediate benefits without any significant negative impacts on either News Corp or Fox News.

Following the split, News Corp started 2013 with $2.6 billion, while being debt-free, which gave it an edge over its media competition to implement its plans and strategies to continue developing. After becoming an individual company, there were no longer concerns about maintaining profits or equal market strategies between News Corp and Fox News. The separation gave both companies benefits, increasing productivity, strategy, and company development and growth, while having complete economic and decision-making freedom as a result of this separation.

News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties. The spin-out was structured so that 21st Century Fox was the legal continuation of the original News Corporation, with the new News Corp being a new company formed by a stock split. Since March 2019, Fox Corporation, which holds 21st Century Fox's national broadcasting, news and sports assets, is also under the Murdoch family's control. In November 2023, Rupert Murdoch stepped down as News Corp's chairman, becoming "chairman emeritus".