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Rupert Murdoch urged to quit

Tuesday April 03, 2012 07:50:45 PM, IANS

London: An influential shareholder has urged Rupert Murdoch to quit as chairman of the US-based News Corp so the company can appoint an independent leader.

The Christian Brothers Investment Services (CBIS) manages around 2.5 billion pounds worth of funds, mainly for Catholic institutional clients.

However, the CBIS resolution is unlikely to be passed as the Murdoch family controls 40 percent of the votes, the Daily Mail reported Tuesday.

But it will put pressure on the board to reduce the 81-year-old media mogul's role.

Under Murdoch, News Corp has grown to become one of the world's most powerful media companies, but has been badly hit by allegations of phone hacking.

The News of the World newspaper, owned by News Corp and published in Britain, was closed last July as it was engulfed by the hacking scandal.



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Picture of the Day

Union Minister for Human Resource Development and Communications and Information Technology Kapil Sibal briefing the media on two years’ of Right to Education (RTE), in New Delhi on March 31, 2012. Secretary, SE&L, Ministry of HRD Mrs Anshu Vaish is also seen.

(Photo: Deinesh Kumar)



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