In the late nineties, KSRTC was split into three corporations, viz., The Bangalore Metropolitan Transport Corporation, The North-West Karnataka Road Transport Corporation and The North-East Karnataka Road Transport Corporation with their headquarters in Bangalore, Hubli and Gulbarga respectively.
In 2012, a change in legislation saw the Delhi Municipal Corporation split into three separate corporations: the East, South and North Delhi Corporations, each with their own commissioner and mayor.
Since 2001, the station has been owned by the News Corporation, which last month split into two companies, the News Corporation and 21st Century Fox.
The announcement is part of a larger restructuring by the News Corporation as it prepares to split into two separate publicly traded corporations.
The change is also part of a larger reorganisation of Rupert Murdoch's empire, which has been split into two entities, publishing business News Corporation and entertainment arm 21st Century Fox.
Early next year, News Corporation will split into two companies, with the entertainment assets bundled into the Fox Group and the publishing assets separated into a division that will retain the News Corporation name.
News Corporation's split into two companies resulted in a debut share price of $15 for its publishing division, which encompasses many of Australia's newspapers, but it began falling almost immediately.
Murdoch confirmed in June that News Corporation would be split into two separate publicly listed companies.
He also said that details about News Corporation's planned split into two companies — one for its news and publishing divisions and the other for its more lucrative entertainment properties — could be revealed by the end of the year.
And now that News Corporation has been split into two divisions, publishing and entertainment, Mr. Thomson will make the leap to the business side and become the chief executive of the publishing unit.
