Three years after selling much of 21st Century Fox to Walt Disney, Rupert Murdoch is exploring reuniting his U.S news companies, bringing titles like the Wall Street Journal and Fox News under one umbrella. The separation was a move to appease Wall Street, which had agitated for Murdoch to sell his newspapers — something he refused to do. The Wall Street Journal first reported the news. News Corp. shares rose $1, or 6.5%, in after-hours trading Friday on the Nasdaq stock exchange. Shares of Fox Corp. were down less than 1% after the market closed.

Source: Wall Street Journal October 15, 2022 11:40 UTC