RUPERT MURDOCH, the billionaire founder of News Corporation, recently filed for divorce from his third wife, Wendi Deng. This is not the only break-up he is going through. On June 28th his company will split in two—shares in both parts began trading this week—with most of its lucrative film and television assets being hived off into a new group, called 21st Century Fox. The rump News Corp will be left with newspapers and other lower-growth businesses (see article).
