Thomson, who is also editor in chief of Dow Jones & Co, is thought to be in line for the role of chief executive at the new publishing company, which will house News Corporation’s UK newspapers The Sun, The Times and The Sunday Times as well as its publishing arm HarperCollins alongside its overseas newspaper divisions.
News Corporation announced plans in June to split itself into two separate publicly listed companies, one focusing on publishing and the other on its entertainment divisions such as 20th Century Fox.
It is understood that Rupert Murdoch will become chief executive of the entertainment arm but take only take a chairmanship role at the publishing division.
Thomson’s current role is expected to be filled by deputy editor of the Wall Street Journal Gerard Baker in the revamped structure.
News Corporation was hit hard by the phone hacking scandal and pressured by shareholders to alter its corporate structure.
The restructuring is expected to be completed by June.