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News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include: Dow Jones & Company, which is the publisher of The Wall Street Journal; News UK, publisher of The Sun and The Times; News Corp Australia; REA Group, operator of realestate.com.au and realtor.com; and book publisher HarperCollins. Following the split, News Corp started 2013 with $2.6 billion, while being debt-free, which gave it an edge over its media competition to implement its plans and strategies to continue developing. After becoming an individual company, there were no longer concerns about maintaining profits or equal market strategies between News Corp and Fox News. The separation gave both companies benefits, increasing productivity, strategy, and company development and growth, while having complete economic and decision-making freedom as a result of this separation.