Original article by Max Mason
The Age – Page: 40 : 14-Oct-15
News Corporation’s share structure will again come under scrutiny at the media giant’s 2015 AGM in New York. However, any resolution to abolish the dual-class structure faces a significant hurdle, as the Murdoch Family Trust holds 38.4 per cent of Class B shares, which have voting rights. Some 47.4 per cent of votes cast at the 2014 AGM were in favour of scrapping the distinction between Class B and non-voting Class A shares.
CORPORATES
NEWS CORPORATION – ASX NWS, MURDOCH FAMILY TRUST, SOUTHEASTERN ASSET MANAGEMENT INCORPORATED, NATHAN CUMMINGS FOUNDATION, LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED, HERMES EQUITY OWNERSHIP SERVICES LIMITED, FOXTEL MANAGEMENT PTY LTD, AMPLIFY PTY LTD, CITIGROUP PTY LTD, DEUTSCHE BANK AG