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(Image from article: "Third Point appeals to Yahoo founder Yang for change")

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Report: News Corp. board approves company split

The board of directors at Rupert Murdoch's News Corp. has approved a plan that calls for splitting the global media conglomerate into two separate companies, one holding its newspaper business and another its entertainment operations, according to a report in The Wall Street Journal.

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Third Point appeals to Yahoo founder Yang for change

Yahoo Inc shareholder Daniel Loeb appealed to the company's co-founder Jerry Yang to fire Chairman Roy Bostock and several other directors to revive the Internet media company after years of poor performance.

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