Starboard's Smith pushes for News Corp break-up
© Reuters. FILE PHOTO: Jeff Smith, CEO and chief investment officer of Starboard Value, L.P., speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. SALT is produced by SkyBridge Capital, a global investment firm. REUTERS/Rick Wilking /File
Smith said News Corp could unlock billions of dollars in value by spinning off its Dow Jones news division, which publishes the Wall Street Journal, and its REA real estate division, publisher of property websites. would struggle to shake up News Corp without Murdoch's consent. The Murdoch family trust controls 39% of the company's voting shares.
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