— Rupert Murdoch will be chairman of both companies and CEO of the media and entertainment company. Robert Thomson, former managing editor of The Wall Street Journal, will become CEO of the publishing company. Murdoch will end up controlling both companies through the nearly 40 percent of Class B voting shares he controls through a family trust. Murdoch's compensation package for the two companies combined could rise by as much as 15 percent if financial targets are met.
— News Corp.'s board approved the split last month. Shareholders did so Tuesday at a special meeting in New York. News Corp. expects the deal to be completed on June 28, the last business day of News Corp.'s fiscal year.