Tuesday, July 23, 2019

MAJOR NEWS CORP INVESTORS PREPARE TO BATTLE MURDOCH

September 24, 2012 by · Leave a Comment 

The reported decision by News Corp to name James Murdoch to run the company’s Fox TV operations after he was strongly censured by OFCOM, the British broadcasting regulator, for his failure to take action in the British hacking scandal, is being seen as an unconscionable act of defiance by some News Corp shareholders. Julie Tanner, […]

NEWS CORP SHAREHOLDERS LAUNCH ANOTHER LEGAL BATTLE

June 21, 2012 by · Leave a Comment 

A trio of major News Corp shareholders has amended its legal action against the company’s board of directors, claiming that the board has repeatedly behaved in a manner to ensure that it is in lockstep with the company’s chairman and CEO, Rupert Murdoch. According to a court filing by lawyers for Amalgamated Bank, the Central […]

NEWS CORP SHAREHOLDERS MOUNTING NEW REVOLT AGAINST MURDOCH

March 1, 2012 by · Leave a Comment 

Several prominent News Corp shareholders reportedly are prepared to try again to oust James Murdoch from the board of the media giant following his decision to step down as head of News International, the scandal-plagued division that oversees the company’s U.K. newspapers. A shareholders’ revolt last year that also sought James Murdoch’s removal from the […]

MURDOCH FAMILY RALLIES AROUND SON JAMES

October 25, 2011 by · Leave a Comment 

At their meeting at 20th Century Fox studios last week, 35 percent of News Corp shareholders voted against reelecting James Murdoch to the board — and 40 percent of those who voted in favor of reelecting him were members of the Murdoch family. Another 7 percent of the votes were cast by Saudi Prince Al-Waleed […]

MURDOCH FACES SHAREHOLDER STORM OVER HACKING (Updated)

October 21, 2011 by · Leave a Comment 

Rupert Murdoch responded to shareholder anger today over the recent scandals that have plagued his vast media conglomerate News Corp. Referring to the telephone hacking of celebrities and politicians practiced by his now-shuttered News of the World tabloid, Murdoch said, ”I promise you we will stop at nothing to get to the bottom of this […]

NEW YORK CITY PENSION FUNDS TO VOTE AGAINST MURDOCHS

October 20, 2011 by · Leave a Comment 

Add New York City’s pension funds to the list of large shareholders who plan to vote against the reelection of Rupert Murdoch, his sons James and Lachlan, and their close associates sitting on the board of News Corp at a shareholders meeting on Friday. New York City Comptroller John Liu introduced the resolution to oppose […]

MEDIA MATTERS MAKES APPEAL TO JAMES MURDOCH

May 4, 2011 by · Leave a Comment 

The liberal group Media Matters for America on Tuesday placed a full-page advertisement in the International Herald Tribune in the form of an open letter to James Murdoch, regarded as the probable heir to the throne at News Corp. Taking note of the 38-year-old Murdoch’s recent appointment as Deputy COO of News Corp and Chairman […]

LIONS GATE BOARD FIRES BACK AT CARL ICAHN

December 9, 2010 by · Leave a Comment 

Approaching a showdown next Tuesday with activist investor Carl Icahn, who has been maneuvering to take control of Lions Gate Entertainment, the company’s board on Wednesday fired off a scathing message to shareholders warning them that Icahn “typically does not make money for shareholders of companies on which he or his representatives have secured board […]

ICAHN LAUNCHES WEBSITE AIMED AT LIONS GATE SHAREHOLDERS

December 7, 2010 by · Leave a Comment 

Perhaps sensing that his bid to take over Lions Gate Entertainment, the parent of Lionsgate Studios, has been greeted unenthusiastically by the news media, Carl Icahn has launched a website, www.SaveLionsGate.com, to present his case. It appears just one week before shareholders at their annual meeting are due to vote on a new board of […]

ICAHN LOSES A ROUND

November 2, 2010 by · Leave a Comment 

Carl Icahn’s feud with the management of Lions Gate Entertainment encountered a new obstacle on Monday when a Canadian court threw out his effort to overturn a shareholder transaction that diluted his stake in the company. As a result of the decision by the British Columbia Supreme Court, Icahn’s stake in Lions Gate will remain […]

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