News Corp. took its biggest step yet towards a planned split Friday in a proxy statement laying out the operational and financial structure of what it’s calling the “new News Corp.”That’s the entity that will be spun off from what’s going to be known as the Fox Group, which will house all entertainment assets. News Corp. plans to hold a special shareholders meeting in 2013 to vote on the separation, which it has said would be done by the summer.
The News Corp. name will disappear from broadcasting as the company splits in two. The Fox name will be front and center with the new public company to be known as Fox Group.
Nicole A. Bernard upped to SVP, audience strategy for the Fox Group and Fox Cable’s Elizabeth Casey named EVP, standards and practices for the Fox Networks Group.