{"id":259,"date":"2006-10-18T02:23:03","date_gmt":"2006-10-18T09:23:03","guid":{"rendered":"\/?p=259"},"modified":"2007-05-11T13:05:11","modified_gmt":"2007-05-11T20:05:11","slug":"murdochs-poison-pillory","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=259","title":{"rendered":"Murdoch’s Poison Pillory"},"content":{"rendered":"

A couple of years ago, Rupert Murdoch orchestrated the adoption of a “poison pill”<\/em> that would act as an obstacle to any investor that sought to wrest control of News Corp. from the Murdoch family. John Malone of Liberty Media<\/a>, who had been buying up shares of News Corp., was the unnamed target of this ploy. Liberty Media is a holding company that investments in media properties like QVC, Encore, and Inter\/Active Corp.<\/p>\n

Now the measure is up for renewal<\/a> and there are those who would like to see it expire. The Murdoch family presently controls about 30% of News Corp.’s stock. Liberty has about 19%. If shareholders vote against the pill, it could result in Murdoch losing the iron grip he has on the company.<\/p>\n

On a partisan basis, Malone may not be much better than Murdoch. He is a reliable source of contributions for the Republican party. Still, there is little evidence that he is as strident an advocate, or as willing to taint programming with his biases. Plus, it would just be a delicious irony if Murdoch’s megalomaniacal greed resulted in his being toppled from his throne.<\/p>\n

There is something you can do. If you own shares of News Corp. vote them against renewing the pill. If you own funds that invest<\/a> in News Corp. contact the portfolio managers and advise them that you would like for them to vote against it. Institutional investors are already amongst those who are inclined to oppose the measure.<\/p>\n

But don’t waste any time because the vote is this Friday. This is an election that you can have a real impact on before that other election coming up in November. And if there were a significant shift in the journalistic philosophy of a media giant like News Corp., it would have a noticeably more far reaching effect than any electoral shift could ever have.<\/p>\n","protected":false},"excerpt":{"rendered":"

A couple of years ago, Rupert Murdoch orchestrated the adoption of a “poison pill” that would act as an obstacle to any investor that sought to wrest control of News Corp. from the Murdoch family. John Malone of Liberty Media, who had been buying up shares of News Corp., was the unnamed target of this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,13],"tags":[],"class_list":["post-259","post","type-post","status-publish","format-standard","hentry","category-general","category-scandalous"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-4b","jetpack-related-posts":[{"id":6267,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6267","url_meta":{"origin":259,"position":0},"title":"Rupert Murdoch Proposes Legislation To Outlaw Fox News","author":"Mark NC","date":"1\/23\/2012","format":false,"excerpt":"The chairman and CEO of News Corp, Rupert Murdoch, has been busily Tweeting his support for the Stop Online Piracy Act (SOPA). His point invariably refers to nefarious characters who are trying to steal his intellectual property. And not one for understatement, Murdoch has labeled his opponents as terrorists. SOPA\u2026","rel":"","context":"In "Censorship"","block_context":{"text":"Censorship","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=56"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1637,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1637","url_meta":{"origin":259,"position":1},"title":"Neil Cavuto Romances Rupert Mudoch, Investors Get Screwed","author":"Mark NC","date":"5\/5\/2010","format":false,"excerpt":"The News Corporation released their quarterly earnings yesterday after the market closed. On the surface there was good news as News Corp beat the estimates of analysts. So Rupert Murdoch visited his own studio to be interviewed by his employee, Neil Cavuto. Cavuto introduced the segment with a bootlicking recitation\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1207,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1207","url_meta":{"origin":259,"position":2},"title":"Peter Chernin Breaking Up With Rupert Murdoch","author":"Mark NC","date":"2\/23\/2009","format":false,"excerpt":"The most talked about thing on the Fox studio lot this morning, after Slumdog Millionaire's eight Oscars, has got to be the news that CEO Peter Chernin is heading for the exit. Chernin has run the entertainment side of Rupert Murdoch's empire since 1996, the year Murdoch launched Fox News.\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5121,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=5121","url_meta":{"origin":259,"position":3},"title":"Is The Murdoch Mob Coming Under FBI Scrutiny?","author":"Mark NC","date":"8\/8\/2011","format":false,"excerpt":"Author and Rupert Murdoch biographer, Michael Wolff, is reporting that Murdoch and his crime family may be staring down charges under the Racketeer Influenced and Corrupt Organizations Act: \"Among the areas that the FBI is said to be looking at in its investigation of News Corp. are charges that one\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6204,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=6204","url_meta":{"origin":259,"position":4},"title":"Rupert Murdoch Tweets Up A Storm For SOPA","author":"Mark NC","date":"1\/16\/2012","format":false,"excerpt":"New Twitter user, Rupert Murdoch, has been busily cramming his support for the Stop Online Piracy Act (SOPA) into 140 characters. His advocacy for SOPA is a thinly disguised scheme to squeeze out more profits for his company at the expense of free speech and a vibrant, innovative Internet environment.\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2892,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=2892","url_meta":{"origin":259,"position":5},"title":"Is Rupert Murdoch Funding Al Qaeda?","author":"Mark NC","date":"10\/4\/2010","format":false,"excerpt":"A couple of recent revelations regarding the charitable proclivities of Rupert Murdoch's News Corp are now raising chilling questions for which there has been no answer to date. It was widely reported a few weeks ago that News Corp made a $1 million donation to the Republican Governor's Association. Reaction\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=259"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}