Good on ya Rupert

Rupert tells it like it is. 

Rupert Murdoch  told shareholders they can take their money elsewhere if they do not like the way he runs News Corp as he sailed through his second meeting with investors since the hacking scandal tore through his media empire.

At the company’s annual meeting in Los Angeles, the chairman and chief executive announced he had seen off moves by dissident shareholders calling for him to appoint an independent chairman. He also blocked a move to end a dual-class share structure that allows him to control the company by owning the largest chunk of voting shares.

  • Mediaan

    Rupert, sorry, doom is approaching, and the word on the wind is not Shareholders. It is New Media.

    Haven’t seen your latest Report, but I bet you have got your mastheads’ valuations seriously inflated, compared to actual sales.

    Even something like that trashy tv weekly you bought for billions, in terms of audited sales I bet it is falling fast.

    The shareholders will any moment now realise the figures probably don’t correspond to reality. Aren’t there laws about that?

  • Vlad

    Rupert Murdoch started with the Adelaide Advertiser (a smallish silver spoon) inherited from his father and turned it into the greatest media business in the world. If it had not been for his courage and determination in fighting the luddite unions in the UK, most of the hyenas who are now at his throat would not have a job. Along the way he humiliated the British establishment, left and old right. They are a vindictive pack with long memories. He continues to keep newspapers alive and thousands of journalists owe him their jobs. News Ltd and Fox are more than just old media businesses and I’d bet on him surviving and thriving in change.

  • Dave

    A bit like Buffet in some ways, this is my business you are investing in, buy in, sit down, shut up, and hold on for the ride. The long term return in his company has suitably rewarded investors. As to the future, they seem to have the strategies, MSM as it was/is, is outdated and outmoded, serious change is coming

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