In an attempt to cut costs and continue the search for a more effective business model for journalism, News Corp. announced a plan this week to create a new unit to facilitate sharing content and resources across News Corps' different entities, including Fox News, News International and Dow Jones. According to Brand Republic:

John Moody, who was previously executive vice-president of news editorial for Fox News, will oversee the new unit and report directly to Rupert Murdoch, News Corporation chairman and chief executive.

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