News Corp CEO Thomson email to staff regarding Fox discussions

News Corp CEO Thomson email to staff regarding Fox discussions

News Corp. CEO Robert Thomson despatched out the subsequent to the personnel on Friday:

Pricey Colleagues,

The News Corp Board, next the receipt of letters from Rupert Murdoch and the Murdoch Family members Have faith in, has formed a Unique Committee of unbiased directors to evaluate a probable blend with Fox Company.

At News Corp, we are constantly pursuing techniques to improve our overall performance and grow our organizations, and the upheaval in media presents equally challenges and alternatives. Nevertheless, I would like to tension that the Specific Committee has not produced any dedication at this time, and there can be no certainty that any transaction will final result from its evaluation.

The announcement will have no impact on our present-day functions and it is crucial that we all continue being resolutely focused on our world-class publishing, information, enjoyment, intelligence and actual estate goods. We have experienced two successive a long time of history profits and so I thank you for what you have finished and for what you certainly will do for the organization.

Today’s information will no doubt prompt substantially media coverage and speculation, and it is generally finest not to speculate on speculation. If you receive any outreach from media, shareholders, consumers, or others make sure you forward the missive to the Chief Communications Officer in your location. We will make no additional formal comment right up until the Unique Committee deems it suitable.

Robert Thomson