Murdoch: The written word is still in my bones

murdoch memoRupert Murdoch is still a believer in the written word, he has told staff in a memo confirming plans to split News Corporation into separate companies covering publishing and entertainment. The company is also to close its iPad venture.

The publishing operation, which includes News Limited in Australia and the company’s 50% ownership of Foxtel, will retain the name News Corporation. The other company, which will include the film and TV assets will be called Fox Group.

In a memo to staff, Murdoch wrote:

“Many of you know that a belief in the power of the written word has been in my bones for my entire life. It began as I listened to my father’s stories from his days as a war correspondent and, later, a successful publisher. It deepened when, starting in grammar school, I rolled up my sleeves and worked alongside fellow students to publish school journals. I witnessed the hunger people had for well-written, thoroughly observed stories … stories that provide not just information, but insight. That hunger is alive and well today; my personal mission is to serve and satisfy the human need for insight as well as I possibly can.

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