News Corp. has defeated a shareholder proposal to adopt a recapitalization plan to eliminate News Corp’s dual-class capital structure that includes regular shares and super-voting share, most of which are owned by the Murdoch family. At the annual meeting today, a majority of votes cast on the measure supported the company to leave the current share structure in place, against shareholder Starboard, which doesn’t believe control should passes from generation to generation, especially now as Rupert Murdoch ...