News Corp. Creates Content-Sharing Unit

News Corp. is looking for more collaboration and cost savings among its global network of journalistic brands.

The conglomerate said Tuesday it is creating a new operation that will allow its worldwide properties to share editorial content and resources.

John Moody, who until Tuesday was executive vp of news editorial for Fox News, will oversee the new unit, reporting to News Corp. chairman and CEO Rupert Murdoch.

“The creation of a new unit designed to share valuable news content and harness the power of News Corp.’s

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