NEW YORK, May 29 (UPI) -- The new News Corp., separated from its movie business and focusing on U.S. and other publishing, plans merciless cost-cutting, its new chief executive said.
The company, to be spun off June 28 from the existing News Corp., which will be renamed 21st Century Fox and focus on TV and films, will pursue an "aggressive digital expansion" in the United States, Britain and Australia as well as "relentless" cost-cutting, forthcoming Chief Executive Officer Robert Thomson said at the new company's first investor briefing.