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Shareholders take aim at Murdochs with Fox voting rights push

Reuters  |  NEW YORK 

By Ross KerberNEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure may inflict a symbolic black eye on the media company's founder Rupert Murdoch and his family at its annual meeting on Wednesday.Strong fund manager support for the measure, which is advisory and would not force the company to change anything, would nevertheless signal investor dissatisfaction with the Murdoch family's grip on the company as filings show Fox has lost a longstanding shareholder ally in Saudi Arabia's Kingdom Holding.At the same time, ...

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First Published: Wed, November 15 2017. 18:41 IST