Investors Fail to Affect Leadership Structure at News Corp.

Murdoch's role unchanged

The hacking scandal in the English press continues to dog News Corporation, at least in the minds of a few excitable reporters, who speculate that trouble will come to the media behemoth from shareholders upset with the Murdoch family over the handling of now-defunct London daily News of the World. Those shareholders made their displeasure known at the annual shareholders meeting in Los Angeles, but to no avail.

Rupert Murdoch attempted to head his detractors off at the pass: "We've acknowledged the serious wrongdoing that occurred at some of our publications in the United Kingdom," he said in his opening remarks.

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