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Murdoch, Sons Survive Shareholder Vote

Long-shot bid to end their control of News Corp fails

By John Johnson,  Newser Staff

Posted Oct 22, 2011 6:24 AM CDT

(Newser) – News Corp's shareholder meeting went pretty much as expected: Rupert Murdoch and sons took plenty of heat but survived a long-shot bid to oust them from control, reports the Los Angeles Times. The tally will be released next week, but given that the Murdoch family controls 40% of voting shares, the outcome hadn't been in much doubt. Still, critics got a chance to vent about Murdoch's stewardship of the conglomerate—which includes Fox News, 20th Century Fox, and the Wall Street Journal—in the wake of the massive phone-hacking scandal in Britain.

"You should get with the program and embrace a board with more independent board members," said one Australian shareholder. And British MP Tom Watson warned that another scandal was on the horizon, notes AP, this time involving the hacking of a former army intelligence officer in Britain. Murdoch fended off the criticism: "I'm very proud of the culture of this company," he said. "Have there been mistakes made? Yes, and we are putting them right. We will stop at nothing to get to the bottom of this and make things right." Brit paper the Guardian sees the shareholder criticism as a "major blow" to Murdoch. It also expects son James to have fared the worst in voting.

News Corp. CEO Rupert Murdoch delivers a keynote address at the National Summit on Education Reform Oct. 14 in San Francisco.
News Corp. CEO Rupert Murdoch delivers a keynote address at the National Summit on Education Reform Oct. 14 in San Francisco.   (AP Photo/Noah Berger)
Rupert Murdoch in a file photo.
Rupert Murdoch in a file photo.   (Getty Images)
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COMMENTS
Showing 3 of 5 comments
Cat-Lover
Oct 22, 2011 3:24 PM CDT
Murdock + Koch = Enslavement.
Barack_Must_Go
Oct 22, 2011 2:17 PM CDT
" UP YOURS OBAMA ". Murdoch and " FOX NETWORKS " are still soaring with the eagles, soon you'll just be a smelly lump of _____ on somebody's sneaker in a dog park somewhere.  Nice try though .......... LOSER !
Twiny
Oct 22, 2011 11:34 AM CDT
"I'm very proud of the culture of this company." That's a frightening thing to hear from the head of a news organization that is primarily known for the lies that they disseminate.

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Murdoch to Meet With Fuming Shareholders


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