Turmoil Engulfs News Corp. Meeting

Investor outrage leads Rupert Murdoch to shut down annual meeting


“I think we’ve had enough questions,” Rupert Murdoch told News Corp. shareholders on Friday, less than an hour and a half into the company’s annual shareholder meeting at Fox Studios in Century City, Los Angeles. “I declare the meeting finished.”

The meeting wasn’t actually finished—shareholders had yet to vote on whether Murdoch, the company’s CEO, should continue as chairman, and on whether the board should be re-elected, not to mention on a resolution from Christian Brothers Investment Services, which manages funds for Catholic groups, that would have replaced Murdoch as chairman and installed a truly independent chairman in his place.

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