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.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
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

Recruitment Genius: Online Media Sales Trainee

£15000 - £30000 per annum: Recruitment Genius: Now our rapidly expanding and A...

Ashdown Group: Lead Web Developer (ASP.NET, C#) - City of London

£45000 - £50000 per annum + Excellent benefits: Ashdown Group: Lead Web Develo...

Recruitment Genius: External Relations Executive

£33000 per annum: Recruitment Genius: An External Relations Executive is requi...

Recruitment Genius: Senior Digital Project Manager

Negotiable: Recruitment Genius: This established Digital Agency based in East ...

Day In a Page

As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links