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"News Corp shareholders have approved a plan to split the company into two. A shareholders meeting was held today (June 11), and a plan to divide assets into separate companies was announced as going into effect as of June 28.  The newly created 21st Century Fox will be comprised of the company&amp;#039;s entertainment interests, including the Fox TV network, Fox News and National Geographic. A revamped News Corp will include educational and publishing assets such as The New York Post and Wall Street Journal. News Corp&amp;#039;s spokesperson has said that agreement to the proposal was &amp;quot;overwhelming&amp;quot; among shareholders. Rupert Murdoch is expected to continue as chairman and CEO of 21st Century Fox, while also remaining as executive chairman of News Corp.  &amp;quot;We are pleased that the proposals have been approved by an overwhelming majority of the outstanding shares, and that our shareholders clearly recognize the anticipated benefits of the separation,&amp;quot; Murdoch said. The move to divide News Corp&amp;#039;s assets has widely been seen as a response to the UK phone hacking scandal. Murdoch founded the media conglomerate in 1979 in his native Australia. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/media/news/a489209/news-corp-shareholders-approve-splitting-company-in-two/>