Thread: News Corp splits and AMPLIFY-ies
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Old 03-12-2013, 07:36 AM   #6
fjtorres
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Pearson is merging Penguin with Random House as a way to get out of consumer publishing. Murdock looked for a merger partner without success so they had to go this way. The spinoff's cash kitty is so they can work a merger or other kind of deal. It's enough to buy B&N, for example...
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