The Murdochs and shareholders are bracing to hear from independent committees set up to assess the blockbuster $US27 billion proposal to reunite News Corp with US-entertainment company Fox via a merger.
It is the first hurdle the Murdochs must clear if they are to push ahead with the merger, which would combine News Corp’s US, UK and Australian newspaper operations, digital real estate assets and book publisher Harper Collins with Fox’s US-based Fox News and Fox Sports brands.The second will be a vote from both company’s shareholders, which the Murdochs have said they will sit out.
Rupert Murdoch addresses a crowded Wall Street Journal newsroom when the executive bought Dow Jones in 2007.Mr Granger said Dow Jones, which made $US433 million in EBITDA last financial year, would be a good candidate to spin out of the company.
MarkDiStef Rupert's trying to limit damages from the Dominion Voting Systems defamation case.
Hmm what is the ROI on destroying the greatest democracy and watching California wash into the sea because we convinced everyone climate change is a plot..maybe we just do a share buyback?