Shadow Secretary of State for Digital, Culture, Media and Sport Estate. Should the relevant party take office, the Shadow Secretary would be a likely candidate to become Culture Secretary. The post became necessary when John Major created the Department of National Heritage in 1992. When the Coalition Government took office, they merged the office of Culture Secretary with that of Minister for the Olympics (Jeremy Hunt had shadowed both roles in Opposition). Labour retained as its Olympics spokesperson Tessa Jowell, who had been Olympics Minister from the inception of the office. Because it never merged the responsibilities, it has retained the name "Culture, Olympics and Sport" (as has indeed the
News Corp formed by a stock split. Its notable assets include Dow Jones & Company (publisher of "The Wall Street Journal"), News UK (publisher of The Sun and The Times), News Corp Australia, Realtor.com as well as book publisher HarperCollins. On June 28, 2012, Rupert Murdoch announced that News Corporation's publishing operations would be spun off to form a new, publicly traded company. Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division." The move also came