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News Corp. Confirms Plans to Split Company in Two

Rupert Murdoch's News Corp. said Thursday that plans to split into two separate companies, one holding its newspapers and the other its entertainment operations. The Murdoch family, which controls nearly 40% of the voting shares in News Corp., is expected to maintain control of both.

Netflix Renews DVD Deals with Fox, Universal

Under the renewed agreements with the studios, there's a 28-day window in which new-release DVDs won't be available on Netflix. This echoes a similar deal the online movie rental service struck with Time Warner.