Murdoch aims to defy naysayers with new News Corp

Rupert Murdoch tried to convince Wall Street on Tuesday that there is still money to be made in newspapers, reminding investors that he had defied sceptics over the past 60 years to build one of the world’s biggest media empires.

As News Corp prepares to separate its publishing business from its entertainment assets, Murdoch said that while some brands face individual challenges, as a whole the publishing portfolio is “undervalued and underdeveloped.”

via Business feed http://www.scmp.com/business/companies/article/1248908/murdoch-aims-defy-naysayers-new-news-corp