Following the executive-level meeting held in New York on Tuesday, Rupert Murdoch's media heavyweight News Corporation announced today it will split in two.

The new companies will house News Corp's publishing business, with over 170 print newspapers, separate from entertainment media-focused holdings, which include broadcast and cable networks.

In a statement to employees today, Murdoch wrote:

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Today at 10am Eastern time, the Supreme Court is expected to release their ruling on health care reform. In what has been a closely watched and debated legal battle, the Court will answer a handful of questions that has nearly every political observer holding their breath: