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Murdoch: No plans to sell News International

Weekend reports denied by chairman.

News Corp chairman Rupert Murdoch issued a statement insisting his company had no plans to spin off its UK newspaper arm following claims made over the weekend.

Both The Daily Telegraph and the Financial Times ran reports alleging Murdoch was considering plans to offload News International.

The Telegraph said options being considered included “creating a trust to manage the UK newspaper assets, going into a joint venture with a media partner or a direct sale to private equity”.

Read more at Press Gazette