News Corp. CEO Robert Thomson despatched out the adhering to to the staff members on Friday:
The Information Corp Board, subsequent the receipt of letters from Rupert Murdoch and the Murdoch Family members Have confidence in, has formed a Specific Committee of unbiased administrators to evaluate a likely mix with Fox Company.
At News Corp, we are regularly pursuing approaches to increase our overall performance and expand our businesses, and the upheaval in media offers both of those worries and options. However, I would like to anxiety that the Specific Committee has not created any perseverance at this time, and there can be no certainty that any transaction will end result from its analysis.
The announcement will have no impact on our recent operations and it is essential that we all keep on being resolutely concentrated on our globe-course publishing, information, amusement, intelligence and serious estate products and solutions. We have experienced two successive a long time of record profits and so I thank you for what you have completed and for what you undoubtedly will do for the business.
Today’s news will no question prompt much media protection and speculation, and it is usually best not to speculate on speculation. If you receive any outreach from media, shareholders, customers, or many others you should forward the missive to the Chief Communications Officer in your region. We will make no further more official remark right up until the Particular Committee deems it appropriate.