Activist Investor Pushes to End Murdoch Family's Control Over News Corp

Starboard Value seeks to abolish dual-class share structure, citing governance issues and undervaluation.

Starboard Value has filed a proposal to eliminate News Corp's dual-class share structure, targeting the Murdoch family's control.
The hedge fund argues that the dual-class shares create governance problems and contribute to the company's undervaluation.
Rupert Murdoch's transition to Chairman Emeritus and the succession plan involving his children have heightened internal conflicts.
Starboard holds significant stakes in News Corp's Class A and Class B shares and believes it has strong shareholder support.
The proposal will be voted on at News Corp's upcoming annual general meeting, with further actions promised if the board does not comply.