Australian Robert Thomson is to take charge of the new publishing business created by News Corp's split. Picture: James Croucher Source: News Limited
RUPERT Murdoch has put the future of his newspaper and publishing empire in the hands of a fellow Australian as he set in motion the split of the media-entertainment conglomerate.
Mr Murdoch also announced the shutdown of the pioneering iPad newspaper The Daily due to a lack of readers.
The moves came as Mr Murdoch prepares to break the conglomerate into two separate companies, with one in charge of the fast-growing film and television operations, to be named Fox Group, the other to manage the news and publishing businesses (including this publication), which will retain the name News Corporation.
In a statement, News Corp said Robert Thomson, 52, editor-in-chief of the News Corp-owned Wall Street Journal, will take the helm of the global publishing entity as chief executive officer on New Year's Day.
A soft-spoken Australian and one-time China correspondent, Thomson is a longtime close confidant of Mr Murdoch, 81, and a former editor of The Times of London.
In a statement, News Corp also said Mike Darcy, a former chief operating officer of BSkyB, will replace Tom Mockridge as chief executive officer of News International. Mr Mockridge leaves the company at the end of the year.
News International is publisher of The Sun and the defunct News of World, tabloid newspapers that have been at the centre of a firestorm in Britain over the hacking of mobile phone voice mails.
"This is an incredibly exciting time for me personally, and for our companies' ambitious futures," said Mr Murdoch, 81. "The challenges we face in the publishing and media industries are great, but the opportunities are greater."
News Corp also announced that it will cease publication of its iPad app The Daily from December 15, adding however that "the brand will live on in other channels."
Some staff from the virtual newspaper, launched in February 2011, will shift to the New York Post, it said.
Mr Murdoch called The Daily - exclusively designed for touchscreen tablets - "a bold experiment," but acknowledged that it was unable to find enough paying readers to sustain it.
As previously announced, Mr Murdoch will serve as chairman of the new News Corporation and chairman and CEO of Fox Group. Chase Carey will be president and chief operating officer of Fox Group, with Mr Murdoch's son James continuing in his capacity as deputy chief operating officer.
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