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News Corp. Approves Split, Rupert Murdoch CEO of Entertainment Side

News Corporation’s board has unanimously agreed to split the company into two entities. As suspected, The Wall Street Journal confirms that the News Corp.’s publishing brands will be on one side and its movie and TV businesses will be on the other.

All Things D obtained a memo from Rupert Murdoch which explains that he will be chairman of both companies and CEO of the entertainment side. There is still no word on who will be manning the publishing arm, which might be in trouble without the cushion provided by News Corp.’s massively profitable brands.

“Without deeper cost-cutting, given print advertising’s continuing spiral downward, the new company’s thin seven percent profit margin would disappear quickly,” explained Ken Doctor, an analyst at Outsell.

The process of splitting News Corp. in two is expected to take about a year, so we’ll have plenty of time to second guess and ponder the move until then.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.