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The Guardian - US

Business

Lauren Aratani in New York

Murdoch family retains majority control of News Corp after shareholder vote

Lachlan Murdoch News Corp Rupert Murdoch Donald Trump Starboard Value Jeffrey Smith Starboard Fox News

a man in a shirt and puffer vest speaks — Lachlan Murdoch in Sun Valley, Idaho, in 2019. Photograph: Drew Angerer/Getty Images

Lachlan Murdoch faced down a shareholder vote on Wednesday aimed at weakening the Murdoch family’s control over their media empire.

The activist investor Starboard Value had challenged the ownership structure of News Corp, the parent company of dozens of news outlets globally including the Wall Street Journal and publisher HarperCollins in the US, and the Times and the Sun in the UK.

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