NewsCorp Signals US TV Station Sale

14 June 2007

NEW YORK: Rupert Murdoch's News Corporation empire is selling off a number of Fox television stations in the US. The move may or may not be linked to the media magnate's $5 billion (€3.75bn; £2.53bn) pursuit of publishing and information group Dow Jones and its flagship Wall Street Journal.

The nine stations up for sale are in NewsCorp's smallest markets such as Cleveland, Milwaukee and Greensboro. The company has given no reason for the disposal.

Meantime, Dow Jones, ruled by the Bancroft dynasty, is still contemplating Murdoch's offer as it seeks guarantees for editorial independence at WSJ.

In the midst of takeover upheaval, the title's recently appointed managing editor, Marcus Brauchli, has announced a shakeup in senior newsroom ranks to complete integration of print and online news businesses and to simplify international news operations.

Data sourced from BBC Online; additional content by WARC staff