News Corp. to spin off publishing with $2.56B cash

NEW YORK — News Corp. said Friday that it will spin off its publishing division with $2.56 billion in cash and no debt, giving it the means to invest in digital operations and acquire businesses. The amount of cash the publishing unit will receive was included in a securities filing on Friday. The amount includes [...]

Read more: http://thedailyrecord.com/2013/03/10/news-corp-to-spin-off-publishing-with-2-56b...
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