Not much discussion on the Split but what there is is a negatove...

Not much discussion on the Split but what there is is a negatove sentiment towards News and more specifically News Corp.

My view for what its worth;

This cements the sussession plan. The next head of News will not be a Murdock

The Fox business will be re rated and will drive up valuations.

The Newspaper business will be hived off and i suspect will drop in value and potentially be privatised by the Murdock family if it looses too much value.

The reason why the Fox business will be re rated is that it is generating so much cash and potentially has the opportunity to close out the BSky acquisition.

I think Murdock is listening to his kids and they know that they can create value by hiving off the old news business.

James may sumhow fold Ten into the old News business or roll it into Fox and sit on the sidelines to take over at a later stage.

All said I think the sentiment is that NWS will potentially run up to $27 a share once the annoucement is confirmed. At this stage there is still a chance that the board will reject it and while Murdock is still there investors are uncertain. So the Boards vote will trigger a further rise.