Dual-class shareholding structures are the antithesis of shareholder democracy – more of a corporate version of a gerrymander. But to get rid of them,you need a shareholder vote.
Rupert Murdoch’s News Corp said a hedge fund’s proposal to eliminate the dual-class share structure that cements his family’s control over the media group was “convincingly” defeated.
Almost 30 years after it set up the pay TV business,News Corp wants to cut the cord. However,finding a willing buyer for Foxtel could be a challenge.
With a secret family civil war ongoing,Lachlan Murdoch is already putting his stamp on his father’s media empire that’s coming to terms with digital disruption.
Murdoch’s REA Group has abandoned its pursuit of UK online property group Rightmove after its fourth takeover proposal was knocked back.
Depending on the legal outcome,the ruling could fundamentally shift the direction of an expansive media network and reshape the US political landscape for years to come.
The Crikey proprietor on the danger of moguls,why media is a manipulation business and how to keep quality journalism alive.
I interviewed Anna Murdoch after her marriage to Rupert ended. Now,23 years later,her fears about succession tearing the family apart look remarkably prescient.
A court in Nevada has begun reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death.
For one of the few times in his life,Rupert Murdoch won’t be the most powerful person in the room.
Rupert Murdoch’s legal battle against three of his children over the family’s media empire will begin in a Nevada courtroom this week.