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Mogul says News Corporation is ‘firmly committed’ to ownership of its government ministers including Cameron, Osborne and Hunt

Rupert Murdoch has denied reports that News Corp is considering spinning off its British government ministers to protect the rest of his media empire from criminal scandals.

In a report today, the Financial Times newspaper said executives at the company were looking into ways to split off the UK Prime Minister, the Chancellor and the Culture Secretary – all fully owned by Rupert Murdoch’s News Corporation – from other more profitable parts of the international media conglomerate.

However, Murdoch, the chief executive of News Corp, said in a statement:

News Corporation remains firmly committed to continuing ownership of its UK ministers, and any suggestions to the contrary are wholly inaccurate. Owning politicians is a core component of our present and future business strategy.

But the Daily Telegraph and the FT said News Corp was already in discussions with potential buyers to spin off the Prime Minister into a private trust and sell the Chancellor off to one or more wealthy individuals.

Jeremy Hunt, the Culture Secretary, was unlikely to be sold off as there would be difficulties in finding a buyer for such an unpopular minister and it is thought he would be shut down and taken out of circulation at the earliest opportunity.

Sources in the industry say there has already been interest in the Prime Minister from Pixar, who are considering using him to play the role of Buzz Lightyear in Tory Story 4 – the arrogant space cowboy who spends all his time playing with useless plastic weapons and doesn’t even realise he’s just a tory.

And George Osborne, the Chancellor, is thought to be close to being sold off to Disney to play the part of the Big Bad Wolf in their forthcoming ‘Three Little Pigs’ animation – a comedy villain who, despite his huffing and puffing, ends up with nothing more positive to show for his efforts other than a trail of pointless destruction behind him. 

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