Inside Murdoch’s Decision
Rupert Murdoch long resisted any suggestion — be it from bankers or executives within News Corp. — that the media conglomerate spin off the company’s newspaper assets, which had become a drag on the stock.
“I was hanging on, and so was the whole family,” the 81-year-old Mr. Murdoch said in an interview Thursday. “We were very emotional about it. … I went through lots of ups and downs.”