Real Estate

Starboard CEO pushes News Corp to spin off real estate assets


Starboard Value CEO Jeff Smith on stake in News Corp., push for separation of divisions

Activist investment firm Starboard Value is pushing for change at News Corporation, in particular to see its real estate business separated from the rest of the company.

Starboard CEO Jeffrey Smith told CNBC’s David Faber on Tuesday that the firm is building a position in News Corp. and has been in discussions with the company.

Smith said News Corp. should split out its real estate assets, including an interest in REA Group of Australia. News Corp. also owns the Dow Jones news business, which includes publications such as The Wall Street Journal and New York Post.

“Our belief is they’re going to want to … separate the digital real estate assets to be able to highlight this beautiful…


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