A report from The Wall Street Journal today that News Corp. was considering splitting into two companies – entertainment and publishing could be more of a reason to delay announcing plans for their distribution model changes that the Fairfax announcement last week. If the split did occur then it would be a whole different company – the Australian newspapers could be in Australian ownership again.
Twitter has gone into meltdown on the news.
While a split would make sense given the quite different needs today of both businesses, Rupert Murdoch has often talked about the value of an integrated multi-platform media organisation.
New news on the wire. News Ltd have axed 70 jobs from their digital media business.
Is the death of Digital ?
Media commentator Jeff Jarvis has an interesting view on this: ttp://buzzmachine.com/2011/07/11/will-news-corp-leave-the-news-business/