The company's latest quarterly earnings report, issued this afternoon, paints a clear picture of why News Corp. is so keen on the separation.(1)
"Obviously we should look at some things," said president and C.O.O. ChaseCarey, speaking on a conference call with Wall Street analysts. "But I'm not going to get into commenting transaction by transaction, rumor by rumor,"
C.O.O. Chase Carey said the company was "targeting to make its initial regulatory filings around the end of the calendar year with operating details to follow."
The move comes several months after former Bloomberg executive Lex Fenwick was named C.E.O. of Dow Jones, which publishes The Wall Street Journal and is owned by News. Corp.
"I flatly reject the report's notion that Rupert is unfit to run a major media company," said Carey, speaking during a quarterly earnings call with Wall Street analysts and the press.(1)
For the second time in a row, Rupert Murdoch was a no-show on News Corp's quarterly earnings call, leaving it to his right-hand man and potential company heir, C.O.O. Chase Carey, to field inquiries from Wall Street analysts and the press.
The highlight of News Corp's quarterly earnings call is always the part at the end when chairman and chief executive Rupert Murdoch takes questions from the press.
And so it was a big disappointment to learn, early in the call, that the embattled media baron would not be on the line.(1)