Murdoch family retains majority control of News Corp after shareholder vote
News (NWS) The Guardian·2024-11-21 02:57
Lachlan Murdoch faced down a shareholder vote on Wednesday aimed at weakening the Murdoch family’s control over their media empire.The activist investor Starboard Value had challenged the ownership structure of News Corp, the parent company of dozens of news outlets globally including the Wall Street Journal and publisher HarperCollins in the US, and the Times and the Sun in the UK.At the company’s annual meeting, the company announced the proposal had been defeated.The Murdoch family controls 41% of compan ...