The proposed division of News Corporation will result in two companies. One will continue with the same ownership and leadership as the old News Corporation, and will trade as the same company on financial markets, but will be called 21st Century Fox. The other will be spun off as a new company with a new executive team, but will be called News Corporation. Don’t follow? Here’s a chart to explain:

News Corporation changes its name to 21st Century Fox which contains these properties–FOX, FX, FXX, FS1, Fox News Channel, Fox Business Network, Fox Sports, Fox Sports Network, National Geographic Channels, Fox Pan American Sports, MundoFox, STAR, 20th Century Fox, Shine Group, Sky Deutschland, Sky Italia, BSkyB, Tata Sky–and spins off a new company with these properties–Wall Street Journal, Barron’s, Dow Jones Newswires, Factiva, MarketWatch, AllThingsD, New York Post , The Australian, Herald Sun, The Times of London, The Sunday Times, The Sun, News America Marketing Group, REA Group Limited, HarperCollins, William Morrow, Zondervan, Thomas Nelson , Amplify, Fox Sports Austrailia , Foxtel–which has $2.6 billion in cash and no debt and will be named News Corporation.

News Corporation changes its name to 21st Century Fox which contains these properties–FOX, FX, FXX, FS1, Fox News Channel, Fox Business Network, Fox Sports, Fox Sports Network, National Geographic Channels, Fox Pan American Sports, MundoFox, STAR, 20th Century Fox, Shine Group, Sky Deutschland, Sky Italia, BSkyB, Tata Sky–and spins off a new company with these properties–Wall Street Journal, Barron’s, Dow Jones Newswires, Factiva, MarketWatch, AllThingsD, New York Post , The Australian, Herald Sun, The Times of London, The Sunday Times, The Sun, News America Marketing Group, REA Group Limited, HarperCollins, William Morrow, Zondervan, Thomas Nelson , Amplify, Fox Sports Austrailia , Foxtel–which has $2.6 billion in cash and no debt and will be named News Corporation.