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This Friday, in a theater tucked away on the Fox Studios lot in Los Angeles, the entire News Corp. board will stand for re-election by shareholders, whose interests each director is tasked with protecting. Only the most zealous and disillusioned are likely to make the trek for the vote—which means things are likely to get ugly.
The last three months have not generated much goodwill among News Corp. investors. After the revelation on July 4 that News Corp.’s