News Corp. Weighs Next Steps
Rupert Murdoch and his tight-knit group of advisers at News Corp. have put a variety of strategic options on the table as they attempt to stem the fallout from a scandal and map out a future for their businesses, according to people familiar with the situation.
One idea contemplated in recent weeks is an option Mr. Murdoch has long shot down: selling his other British newspapers. News Corp. has informally explored whether there were any potential buyers for its U.K. newspaper unit, News International, according to people familiar with the matter. The unit, which includes the Sun, the Times of London, the Sunday Times and—until this week’s closing—News of the World, was once one of Mr. Murdoch’s flagship divisions and one of his favorites.
