News Corp. Surveying Shareholders About Murdoch’s Succession and Family Control

Jul 28, 2011  •  Post A Comment

News Corp. is surveying its top shareholders on Chairman and CEO Rupert Murdoch’s succession and his family’s control of the media giant, reports Bloomberg.

The survey also asks shareholders about their view of News Corp.’s corporate governance, its dual-class structure and the independence of its board, the piece says.

The results, which may be shared with the board, are geared to informing and framing shareholder communications, with some investors offered a chance to speak with Chief Operating Officer Chase Carey, the story says. Public-relations firm Sard Verbinnen & Co. has been hired to conduct the conversations, in addition to its work on the phone-hacking and police bribery allegations at the company’s U.K. newspaper division.

A News Corp. spokesman declined to comment.

Your Comment

Email (will not be published)