News Corp. Stock Gets Bump From Murdoch Replacement Rumors
Company denies Bloomberg report
Rumors of Rupert Murdoch being replaced as News Corp. CEO have caused company stock in Australia to bounce back from a two-year low, reports the Guardian. Following yesterday’s losses, News Corp. shares jumped by 3.7 percent overnight to $14.69 (AUD) after Bloomberg reported that Chase Carey could be in line to take over Murdoch’s CEO position.
News Corp. is currently denying the rumors, with independent director Thomas Perkins telling the Associated Press, “I can assure you, there has been no discussion at the board level in connection with this current scandal of making any changes.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in