News Corp Splits

And we're back. As you know by now, News Corporation will indeed split apart into separate publishing and entertainment companies. The Murdoch family will still dominate control. Rupert Murdoch has also ruled out another BSkyB bid, saying he doesn't want to invest in the UK anymore. David Carr analyzes Rupert Murdoch's thinking. The newspaper people are reportedly worried, while Chris King says the Wall Street Journal will be the center of the new news division.