The shareholder revolt at News Corp is growing ahead of Friday’s AGM – with some major players reportedly joining the anti-Murdoch camp.
The Independent reports here on the growing disquiet over News Corp’s handling of phone-hacking and other allegations of impropriety.
- June 8, 2020
- November 18, 2019
- July 22, 2019
While the Murdoch clan only owns 11 per cent of News Corp, its shares carry 40 per cent of the voting rights. So there would need to be a near unanimous revolt for Rupert and James Murdoch to be unseated from their positions of power.
How have your newspaper consumption habits changed during the pandemic/lockdown, and do you think this will last?
- I read more news digitally than in print now, and expect this to continue (48%, 179 Votes)
- No change (29%, 107 Votes)
- I read more news in print than digitally now, and expect this to continue (14%, 52 Votes)
- I read more news digitally than in print now, but do not expect this to continue (6%, 24 Votes)
- I read more news in print than digitally now, but do not expect this to continue (3%, 10 Votes)
Total Voters: 372
Meanwhile, the lawsuit filed by rebel News Corp shareholders rumbles on. They have accused the News Corp board of presiding over widespread “malfeasance” and Murdoch senior of treating the company like his “personal fiefdom”.
CNN had some more revelations about the goings on at News Corp US subsidiaries which prompted that suit over the weekend. It has more evidence of “allegations of corporate espionage, computer hacking and threats to destroy its competition” at News Corp subsidiary News America Marketing.
CNN has got hold of video evidence from a legal dispute in 1999.