Rupert Murdoch Explores Reuniting His Media Empire by Recombining Fox and News Corp

From a Wall Street Journal story by Cara Lombardo, Dana Cimilluca, and Jeffrey A. Trachtenberg headlined “Rupert Murdoch Explores Reuniting His Media Empire by Recombining Fox and News Corp”:

Rupert Murdoch has proposed a recombination of Fox Corp. and News Corp, the two wings of his media empire, nearly a decade after they split, according to people familiar with the situation.

Special board committees have recently been established by both companies to study a possible deal and evaluate potential financial terms, the people said. The discussions are at an early stage, they added.