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(Adds statement from News Corp)
Oct 14 (Reuters) - News Corp said on Friday it was exploring a potential merger with Fox Corp at the behest of common shareholder and media mogul Rupert Murdoch.
The publisher said it had formed a special committee to review the proposal to combine the two companies.
Media businesses have been looking for ways to streamline costs, which includes the combination or divestiture of assets, to counter a slowdown in advertising sales and flight of online users to so...
>>> Read more: UPDATE 1-Rupert Murdoch considers combining Fox, News Corp - WSJ
Oct 14 (Reuters) - News Corp said on Friday it was exploring a potential merger with Fox Corp at the behest of common shareholder and media mogul Rupert Murdoch.
The publisher said it had formed a special committee to review the proposal to combine the two companies.
Media businesses have been looking for ways to streamline costs, which includes the combination or divestiture of assets, to counter a slowdown in advertising sales and flight of online users to so...
>>> Read more: UPDATE 1-Rupert Murdoch considers combining Fox, News Corp - WSJ
