Business

New look of Murdoch’s News Corp. detailed

Entertainment, publishing to split

Rupert Murdoch will continue to serve as chief executive at Fox Group.
Jessica Rinaldi/Reuters
Rupert Murdoch will continue to serve as chief executive at Fox Group.

News Corp. announced additional details about its coming split Monday, including a plan to cease publication of The Daily, its stand-alone tablet newspaper.

The publishing company, which will keep the name News Corp. and will include The Wall Street Journal, The New York Post, HarperCollins, and Australian television assets, will be led by Robert Thomson, the current managing editor of the Journal. (He will be succeeded at the Journal by his deputy, Gerard Baker.)

The entertainment company will be called Fox Group, and will include Fox Broadcasting, Fox News, and the 20th Century Fox studio. Chase Carey, currently president and chief operating officer at News Corp., will remain in that role at Fox Group, with James Murdoch serving as his deputy.

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Rupert Murdoch, chairman and chief executive of News Corp., will continue to serve as chief executive at Fox Group and will be chairman of the publishing company.

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A company news release that announced the changes also mentioned the shuttering of The Daily. The tablet-only daily publication was introduced with much fanfare by Rupert Murdoch and Apple as a way to revolutionize the news business. But the publication struggled to gain readers and relevance.

Jesse Angelo, executive editor of The Daily and The New York Post, will become publisher of the Post. Some members of the staff of The Daily will be absorbed into the Post’s newsroom, the company said.

In June, News Corp. said it would split into two separate, publicly traded companies.

In a nostalgic memo to staff, Rupert Murdoch praised the idea of a separate company devoted almost entirely to newspapers.

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‘‘Many of you know that a belief in the power of the written word has been in my bones for my entire life,’’ he wrote. ‘‘It began as I listened to my father’s stories from his days as a war correspondent and, later, a successful publisher.’’