FOX - Murdoch explores recombining Fox News Corp. - WSJ

• Rupert Murdoch is exploring a recombination of Fox ( NASDAQ: FOX ) ( NASDAQ: FOXA ) and News Corp. ( NASDAQ: NWS ) ( NASDAQ: NWSA ), a move that would bring his former wide-ranging media empire back together after nearly 10 years as separate entities, the WSJ reports.
• The two companies are far enough along to have established special board committees to study the financials of such a reunion, according to the report, but are still at an early stage.
• Murdoch's family trust has about a 39% voting stake in News Corp. (the parent of the WSJ) and a 42% voting stake in Fox, and Murdochs make up the leadership of both companies: Rupert is executive chairman of News Corp. and chair at Fox, while son Lachlan is co-chairman of News Corp. and executive chair/CEO at Fox.
• Any move would bring together a vast range of media entities valued at roughly $25B.
• After hours: ( FOXA ) +1.1% ; ( NWSA ) +4.2% .

For further details see: