Rupert Murdoch's News Corp media conglomerate, which last summer confirmed it was considering splitting its publishing and entertainment divisions, has announced it will name its entertainment arm "21st Century Fox," a play on its 20th Century Fox movie studio.
21st Century Fox, whose new moniker replaces the previous announced Fox Group, will maintain a global portfolio of cable and broadcasting networks that includes, among many, Fox, FX, National Geographic, and Star; it will also house the aforementioned 20th Century Fox film studio.
As the New York Times reported last month, News Corp's eponymous publishing arm will spin off this summer with $2.6 billion in cash and no debt, according to a filing the company made with the SEC. It will operate titles such as The Wall Street Journal and The New York Post.
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