Murdoch splitting News Corp as he rejigs top jobs

 

Rupert Murdoch has split his publishing and TV businesses sooner than expected, making a string of sweeping changes across his media empire, including at his troubled London newspapers arm News International.

Mr Murdoch confirmed that the global newspapers business will retain the News Corporation name while the TV and film division will be known as Fox Group.

Robert Thomson, editor of the Wall Street Journal and former editor of The Times in London, will take over from Mr Murdoch as chief executive of News Corp.

The veteran media mogul remains as chairman but is taking a more hands-off role, fuelling speculation that he could sell some of the publishing assets in future.

In contrast, Mr Murdoch will remain in full, day-to-day control of Fox Group as he remains the chairman and chief executive.

News Corp said the publishing entity will keep its historic name because it was "in keeping with the company's 60-year heritage of bringing news to the world".

Mr Thomson's elevation to run News Corp was expected, but it is still a big promotion because the Australian financial journalist will now be chief executive of a listed company.

He will oversee an empire that includes The Times, The Sun, the New York Post and book publishers HarperCollins.

Gerard Baker, a Briton and another former executive at The Times, takes over as editor of the Wall Street Journal, which News Corp bought in 2007.

Tom Mockridge, the chief executive of News International in London, has quit after missing out on the job that went to Mr Thomson.

Mr Mockridge said: "The reason I am leaving is that the new structure does not offer me a role I am comfortable with."

In a surprise move, Mr Murdoch has raided pay-TV giant BSkyB to recruit its chief operating officer, Mike Darcey, as Mr Mockridge's replacement.

Mr Darcey has a reputation as a tough operator who cracked down on costs at Sky, which has continued to eke out record profits despite a price freeze last year.

Mr Mockridge's departure after 22 years will be a blow to the Murdoch empire as the New Zealand-born former journalist was highly experienced, especially in pay-TV.

He was chief executive of Sky Italia until July 2011 when he was brought in to replace Rebekah Brooks at News International, and he became deputy chairman of BSkyB, in which News Corp has a 39 per cent stake, in April.

Mr Mockridge is likely to receive a large pay-off. Ms Brooks reportedly received £7m when she left last year. Tony Ball, a former boss of Sky, also received a golden goodbye worth around £10m in 2003.

Mr Murdoch revealed separately that he was shutting The Daily, a special iPad-only newspaper that he launched in New York less than two years ago.

Sport
The sun rises over St Andrews golf course, but will it be a new dawn for the Royal and Ancient Golf Club?
sportAnd it's Yes to women (at the R&A)
Sport
Yaya Touré (left) and Bayern Munich’s Spanish defender Juan Bernat
footballToure's lack of defensive work is big problem for City
Arts and Entertainment
Liam Neeson said he wouldn't
tv

Liam Neeson's Downton dreams

Arts and Entertainment
A spell in the sun: Emma Stone and Colin Firth star in ‘Magic in the Moonlight’
filmReview: Magic In The Moonlight
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
Sport
Wembley Stadium
footballNews follows deal with Germany
Voices
voicesApple continually kill off smaller app developers, and that's no good for anyone
Arts and Entertainment
Ben Whishaw is replacing Colin Firth as the voice of Paddington Bear
tv

Thriller is set in the secret world of British espionage

Sport
A 'Sir Alex Feguson' tattoo
football

Life and Style
life

News
ScienceGallery: Otherwise known as 'the best damn photos of space you'll see till 2015'
Life and Style
fashion

Bomber jacket worn by Mary Berry sells out within an hour

Sport
Andros Townsend is challenged by Vladimir Volkov
football
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Media

Head of Marketing - London

£60000 - £85000 per annum: Ashdown Group: Interim Head of Marketing / Marketin...

IT Application Support Engineer - Immediate Start

£28000 per annum: Ashdown Group: IT Software Application Support Analyst - Imm...

Digital Project Manager

£25 - 30k: Guru Careers: A Digital Project Manager is needed to join an exciti...

Paid Search Analyst / PPC Analyst

£24 - 28k + Benefits: Guru Careers: We are seeking a Paid Search Analyst / PPC...

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week