Sharing is caring at News Corp.

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

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

John Moody, who until Tuesday was executive vp news editorial at Fox News, will oversee the 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 vast editorial resources is vital to our success as a global media entity," Murdoch said.

Moody will collaborate with news chiefs across the conglomerate's news properties "to improve newsgathering efficiencies and identify areas of cost savings," the company said. He also will "investigate the company's worldwide contracts and reliance on global news services."

"John's strong editorial judgment is one of the reasons Fox News is the leading news network in America," Murdoch said.

Said Moody: "I'm honored to embark on this new venture at a critical time in our industry when change so often begets opportunity. News Corp. has embraced innovation like no other company in today's media landscape." (partialdiff)
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