Another company called 21st Century Fox will focus on entertainment, anchored by a movie studio and the Fox television network.

WSJ: News Corp. split could boost Murdoch compensation

Fox, the studio behind the highest grossing film of all-time, Avatar, announced they would not be changing their name to 21st Century Fox.

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Under a new compensation plan covering the fiscal year ending in June 2014, most of Murdoch's compensation will be tied to 21st Century Fox.

WSJ: News Corp. split could boost Murdoch compensation

After the split, which is expected to be completed this summer, Murdoch, 82, will be chairman of both companies and CEO of 21st Century Fox.

WSJ: News Corp. split could boost Murdoch compensation

It plans to split into two publicly traded companies by the end of June one company holding its TV and movie properties to be known as 21st Century Fox, and a smaller entity focused on newspapers and publishing that will keep the name News Corp.

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