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Free of newspapers, 21st Century Fox shines
July 2, 2013 - 8:54AM
Wall Street rewarded Rupert Murdoch's move to create a separate entertainment company, giving 21st Century Fox one of the richest valuations in the media sector on its first day of trading.
Investors had waited for Murdoch to split News Corp, giving its cable, movie and equity stakes in pay-TV assets their own spotlight away from the publishing division.
Read more: http://www.smh.com.au/business/worl...-fox-shines-20130702-2p8i1.html#ixzz2XuguWgE0