News International , the UK subsidiary of Rupert Murdoch 's News Corp. that publishes newspapers including The Sun and The Times of London , announced a new name Wednesday : News UK . The rebranding follows a troubled period for News International , hit by a phone hacking scandal . It comes as News Corp. splits into two pieces , with one company encompassing its television and film assets , and the other holding its publishing entities . The separation into two distinct publicly traded companies , 21st Century Fox and the new News Corp. , is expected Friday . The new name for News International , News UK , is `` designed to convey a more coherent and logical identity for the new parent company across the globe , '' a company statement said . The rebranding is being mirrored in Australia , where News Limited -- the company from which Murdoch built up his media empire -- will become known as News Corp. Australia . Both companies will become part of the new News Corp , . which will be incorporated on the NASDAQ on Friday , the News UK statement said . `` The change follows the fundamental changes of governance and personnel that have taken place to address the problems of the recent past , '' it said . `` News International apologized to its victims and set up a compensation scheme ; closed the News of the World and co-operated with all the relevant authorities . `` New policies and procedures are in place across the company , its main titles are all under new leadership and the executive team has been transformed . '' News International was forced to close News of the World , its bestselling Sunday tabloid , in July 2011 amid anger over allegations an investigator working for the paper had in 2002 hacked the voice mail of a missing 13-year-old girl , Milly Dowler , who was later found murdered . Since then , a number of former News International staff have been charged with criminal offenses and await trial . They include Rebekah Brooks , the former News of the World and Sun editor who served as chief executive of News International from 2009 until 2011 , and former News of the World editor Andy Coulson , who went on to work for Prime Minister David Cameron but subsequently resigned . They deny wrongdoing . Several journalists working for The Sun have also been charged in connection with two police investigations into alleged media abuses . One inquiry is looking into claims of phone hacking , while the other is probing allegations of inappropriate payments to police and public officials . In a sign of an editorial shakeup at the newspaper , Dominic Mohan was replaced as editor of The Sun last week . Mohan , who had been at the paper for 17 years and was its editor since 2009 , is moving to a senior role advising the chief executive of the new News Corp. David Dinsmore took over as editor of The Sun on Monday . Mike Darcey , chief executive of News UK , said : `` This is an exciting time and I feel privileged to be leading News UK as it begins a bright new chapter . `` With new people and a new strategy , we will take our place within a new company determined to secure a sustainable future for professional journalism around the globe . '' According to the News Corp. website , the global company had total assets as of March 31 , 2013 , of approximately $ 68 billion and total annual revenues of approximately $ 35 billion .
News Corp. , the Australia arm of News Corp. , is now News UK . The renaming follows changes `` taken place to address the problems of the recent past '' News UK says new policies have been put in place following the phone hacking scandal . News UK is splitting into two parts , two holding publishing assets and the other TV and film .