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News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties. [4] The spin-out was structured so that 21CF was the legal continuation of the original News Corp., with the new News Corp being a new company formed by a stock split.
News Corp was established in 1980 by Rupert Murdoch as a holding company for News Limited.News Limited was founded in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; [9] [10] subsequently the controlling interest was bought by the Herald & Weekly Times.
In February 2012, Natalie Ravitz accepted a position to become Rupert Murdoch's Chief of Staff at News Corporation. [6] News Corporation's board approved the split on May 24, 2013, while shareholders approved the split on June 11, 2013; [7] the company completed the split on June 28 and formally started trading on NASDAQ on July 1. [8] [9] [10]
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A mission statement aims to communicate the organisation's purpose and direction to its employees, customers, vendors, and other stakeholders. A mission statement also creates a sense of identity for employees. Organizations normally do not change their mission statements over time, since they define their continuous, ongoing purpose and focus. [5]
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Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Austin, Texas.It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.