News Summary: News Corp. splitting into News, Fox

By The Associated Press
FILE -In this Tuesday, July 31, 2007, file photo, News Corp's headquarters is shown in New York. News Corp. said Monday, Dec. 3, 2012, that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.(AP Photo/Mark Lennihan,file)

SPLITTING UP: News Corp. said Monday that its new publishing company will keep the News Corp. name, while its separate media and entertainment company will be renamed Fox Group.

THE PROPERTIES: The new News Corp. will house newspapers such as The Wall Street Journal and New York Post as well as Dow Jones Newswires. Fox Group, meanwhile, will include 20th Century Fox film and television studios and the Fox TV channels, among other holdings.

DAILY'S DEMISE: As part of the changes, News Corp. said it will cease publication of The Daily, a news application created for the iPad, on Dec. 15.