News Ltd shares jump on split talk

Jaclyn Densley /

News Ltd shares have surged on reports that the media company’s global board has approved the split of its entertainment and publishing divisions.

At 1335 AEST, News Ltd shares had risen 3.06% to $22.16, against a benchmark index rise of 0.19%.

The Wall Street Journal has reported that the News Corp board had approved the division, citing a source familiar with the situation.

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