News Corp. CEO Robert Thomson despatched out the following to the team on Friday:
The News Corp Board, pursuing the receipt of letters from Rupert Murdoch and the Murdoch Household Trust, has shaped a Unique Committee of unbiased administrators to assess a potential mixture with Fox Company.
At News Corp, we are constantly pursuing ways to increase our effectiveness and grow our businesses, and the upheaval in media presents each worries and alternatives. On the other hand, I would like to worry that the Unique Committee has not made any resolve at this time, and there can be no certainty that any transaction will final result from its analysis.
The announcement will have no influence on our present-day functions and it is very important that we all continue to be resolutely centered on our environment-course publishing, news, entertainment, intelligence and actual estate products and solutions. We have had two successive several years of record income and so I thank you for what you have carried out and for what you undoubtedly will do for the company.
Today’s information will no question prompt a great deal media protection and speculation, and it is usually greatest not to speculate on speculation. If you obtain any outreach from media, shareholders, clients, or other individuals please forward the missive to the Chief Communications Officer in your location. We will make no further formal comment till the Specific Committee deems it suitable.