Friday, December 3, 2021

ANOTHER DISTRACTION FOR MURDOCH: AMOUNT HE PAID FOR DAUGHTER’S FIRM

August 17, 2011 by · Leave a Comment 

Of the $675 million paid by News Corp to acquire Elisabeth Murdoch’s production company, Shine Group, Ms. Murdoch herself pocketed $214 million, the Los Angeles Times reported today (Wednesday), citing News Corp’s annual SEC filing. In addition, $60 million of the sale price was put in escrow to “satisfy any indemnification obligations” should they be […]