Rupert Murdoch is in the early stages of exploring whether to put his media companies News Corp. and Fox Corp. back together.
Thomson also asked employees not to speculate about the potential deal or make any formal comments to media, shareholders or customers.from Dominion Voting Systems. Dominion argues that Fox News and Fox Business made false claims that its voting machines rigged the results of the 2020 presidential election between Donald Trump and Joe Biden.
CNBC has reached out to Fox and News Corp. for comment."Neither the Company nor the Special Committee intends to comment on or disclose further developments regarding the Special Committee's work unless and until it deems further disclosure is appropriate or required," News Corp. said in a statement on Friday.
Murdoch, 91, split Fox and News Corp. in 2013. He is the chairman of Fox and the executive chairman of News Corp. His son Lachlan Murdoch is CEO of Fox and co-executive chairman of News Corp. The Murdoch family has a 42% voting stake in Fox and a 39% voting stake in News Corp., according to the Journal. Fox's market value is about $17 billion, while News Corp.'s is about $9 billion, as of Friday's market close. Class A shares of News Corp. rose more than 3% after hours, while Fox's Class A shares barely moved.
News Corp. also includes book publisher HarperCollins, scandal sheet the New York Post and news outlets in the U.K. and Murdoch's native Australia. Fox's holdings also include the Fox broadcast network, which airs"The Simpsons" and NFL games.
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