According to Murdoch biographer, Michael Wolff,
This may be the most humble day of Rupert Murdochs life. His company seems to be spurning his newspapers, and also his leadership – or at least, his Sun God standing. Early Tuesday morning, News Corporation said, through its newspaper, the Wall Street Journal, that it was considering a spin-off of its print properties. Since using the Journal made this something of an in-house announcement, for “considering” one might better read “actively planning”.