News Corp gets tepid response from investors after split

News Corp shares slipped when the company began trading separately from the 21st Century Fox entertainment operation, as investors gave a tepid reception to the slower-growing publishing business.

The new News Corp, which includes publishing assets, such as The Wall Street Journal and HarperCollins, and an education division, gave up its earlier gains on Monday, and its shares fell 2 per cent to US$14.95. It has a market value of about US$9 billion.

via Business feed http://www.scmp.com/business/companies/article/1273743/news-corp-gets-tepid-response-investors-after-split