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Fox, News Corp. Hire Independent Advisors, Clarify Rupert Murdoch Role Amid Merger Deliberations

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Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a Fox-News Corp. merger unless the combination has the blessing of special committees of outside directors, and of non-Murdoch affiliated stockholders

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Independent directors — not affiliated with the Murdoch family – on the Fox Special Committee include Jacques Nasser, Roland Hernandez, Anne Dias, Paul Ryan and William Burck. Nasser serves as chair. The Fox special committee has retained J.P. Morgan as its financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor.

 

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