The split is expected to be formally announced Thursday , a person familiar with the situation told the Journal . Wall Street Journal : News Corp. , agrees to split company . Journal is owned by Rupert Murdoch 's News Corp. News , film assets and the publishing wing to be separate entities .
Wall Street Journal : News Corp. , agrees to split company . Journal is owned by Rupert Murdoch 's News Corp. News , film assets and the publishing wing to be separate entities .