Also in this playlist...
This transcript is automatically generated
-- score the parent company of the Fox Business Network is considering restructuring.
And Dennis -- cover and that story for us he joins us now -- Hey -- you know a lot breaking up is hard to do and our parent company says it may split itself into.
-- its stock is surging up to almost a five year high on that news News Corp.
saying it -- separate attitude distinct publicly traded companies one for television and film news and entertainment the other for news -- publishing businesses.
Including the Wall Street Journal which broke this story this morning News -- cable channels are the single biggest contributor to total profit.
Billion dollars -- 54% of all probably the first nine months publishing contributed only 10% of all the profit.
Now news corps chief executive and controlling shareholder Rupert Murdoch.
Would likely retain control of both companies the media side would hold Fox News fox broadcasting Fox Business -- century fox spelled.
Business is -- comprise 75% of total revenue.
Of total profit the politics side.
-- to be Rupert real love had over six billion dollars in revenue and earnings of less than half a billion and the first nine months so to key question -- first.
Is the real purpose here to -- off the slower growth -- twentieth century print business to unlock a rise in the stock price of electronic media side and second.
Will this spark other media giants to look at doing smash -- of their own Viacom did so in 2006 -- off CBS.
Year to date CBS up 15% vs only 2% -- the parent.
Time Warner spun off cable and early 09 and a cable stocks soared.
Year to date cable up 20% the parent Time Warner up only 2% or so one last thing guys.
In July 2010 I did a story on another network saying that News -- should really split itself up.
Tracy -- and -- well done and feel like a big man than me.
-- -- -- It's quarter till the hour.
Filter by section