The Murdochs put their faster-growing businesses like Fox News Channel in 21st Century Fox (now called Fox Corp) and its slower-growing publishing assets like the Wall Street Journal into News Corp. Moreover, integrating News Corp's papers into Fox would be a headache that Fox would rather avoid. Fox recently invested $235 million in a startup called Stars Group and plans to debut the Fox Bet wagering app this fall, becoming the first media company to form such a partnership. Rupert Murdoch’s passion for newspapers, and the influence that comes with them, is one constant in an ever-changing media world. News Corp now accounts for more than one-third of the U.K.’s newspaper sales.

Source: Forbes May 09, 2019 20:20 UTC