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News Corp.'s new media co. to be named Fox Group

News Corp.'s new media co. to be named Fox Group

CREATED Dec 3, 2012

NEW YORK (AP) -- News Corp. says that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.

The conglomerate announced plans this summer to split into two public companies, one for its newspaper and book publishing business and the other for its fast-growing movie and TV operations.

The company on Monday named Wall Street Journal managing editor Robert Thomson as CEO of the new publishing company. He's set to begin his work as incoming CEO to the publishing company on Jan. 1.

Rupert Murdoch remains slated to serve as chairman of the new News Corp. and chairman and CEO of Fox Group.

The company also says that it will end standalone publication of The Daily iPad app on Dec. 15.