November 19, 2014 So sad poor little Rupert, NOT reap what you sow old man.... News Corps new reality: Rupert Murdoch losing grip on empire It was a sunny Los Angeles autumn day a week ago when six people boarded a special-purpose bus from the citys Century Park West carpark to Fox Studios. The six people, all shareholders, were off to attend what would be a momentous annual meeting of Rupert Murdochs News Corporation. None had a clue that they were about to witness the 83-year-old media baron come dangerously close to losing his iron-fisted grip on a large part of his empire at the hands of a shareholder revolt. No one expected that the billionaire Saudi Prince Alwaleed bin Talal, on whose support Murdoch relies to retain control of News Corp, wouldnt vote his shares. For Murdoch, in a corporate sense at least, the outcome of this meeting represented a near-death experience. Thus Rupert Murdoch has been put on notice that his familys control of News Corporation – the company that owns his international stable of newspapers, Australian pay television, book publishing and digital directory assets – is vulnerable. Read more: smh.au/business/media-and-marketing/news-corps-new-reality-rupert-murdoch-losing-grip-on-empire-20141120-11quqc.html#ixzz3ObKT0ids smh.au/business/rupert-murdoch-lost-his-saudi-prince-and-his-australian-media-empire-is-now-vulnerable-20141121-11q3km.html
Posted on: Mon, 12 Jan 2015 10:21:20 +0000