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A daily round-up of economic news:Time Warner and Time Warner Cable have announced a corporate split, separating the media firm from the cable company.
News Corp. had hoped to resolve the claims in advance of its corporate split this summer.
The corporate split is on track to occur June 28, Murdoch announced Tuesday morning during a 23-minute special meeting of shareholders in New York.
Murdoch agreed to the corporate split to appease Wall Street, which agitated for him to sell his newspapers — something he refused to do.
PHOTOS: 2012 highest-paid media executives Paramount expects to spend at least five years reassembling a television production studio after handing off its profitable TV production studio six years ago to CBS in the wake of Viacom's corporate split.
This summer, Thomson told investors the new News Corp., in the wake of the corporate split with the film and TV assets, would look to cut costs and focus on "premium content and iconic brands".
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Experts say one of the most common mistakes in corporate split-ups is that both parties maintain their familiar methods of communication, evaluation, training and promotion, along with benefits and behaviors that make up a company's spirit.
Mr. Peltz has been an advocate of corporate splits to try to unlock value, most famously in 2008, when he pushed Cadbury Schweppes to spin off its beverage businesses.
IF the day comes when Microsoft follows Mr. McNamee's advice -- or simply runs out of legal maneuvering room -- the company will not have to look far for pertinent lessons from other corporate splits.
It is important to distinguish tax-free spin-offs from other types of related transactions (such as IPO carve-outs and corporate split-offs). Under an IPO carveout, a portion of the subsidiary's shares are offered for sale to the general public.
Obviously, corporate splits are back in fashion.
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