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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.

Church of England Opposes Murdoch Bid for BSkyB

Rupert Murdoch may face opposition from a higher power in his bid to take full control of British satellite TV provider BSkyB. The Church of England said that it opposes News Corp.%u2019s (NWS) plans for BSkyB, saying that such a deal would allow News Corp. to "dominate" the country%u2019s media, The New York Times reported.