news corp-cdi (NWSLV) Snapshot

News Corp. announced that its veteran Chief Financial Officer David DeVoe will retire at the end of the fiscal year. Mr. DeVoe will maintain his seat on the Company's Board of Directors, on which he has served since 1990, and remain a senior advisor to the Company. John Nallen has been appointed Senior Executive Vice President and Chief Financial Officer of the Company, which will be re-named 21st Century Fox and hold News Corporation's media and entertainment businesses following its separation on June 28, 2013 into two independent, publicly traded companies. Mr. Nallen's appointment is effective July 1, 2013. Following the separation, Mr. Nallen will oversee all of the finance functions for 21st Century Fox and report to Rupert Murdoch, the Company's Chairman and Chief Executive Officer, and to Chase Carey, its President and Chief Operating Officer. Mr. Nallen has served as Deputy Chief Financial Officer and an Executive Vice President of News Corporation since 2001, having joined the company in 1995.

News Corp. shareholders approved a plan to split the media giant's troubled publishing assets from its entertainment division June 11, 2013 at a special meeting in New York. The majority of shareholders had approved the plan, which will create two companies out of the media empire he created. The News Corp. name will carry on as the home of the company's publishing assets while the entertainment division will be called 21st Century Fox. Both companies will be chaired by Rupert Murdoch, who will also be chief executive of 21st Century Fox.

News Corporation announced that at its Special Meeting of Stockholders held on June 11, 2013, the company received approval for the proposed amendments to its Restated Certificate of Incorporation that enable the separation of its businesses into two independent, publicly traded companies as described in the company's definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2013.