Anti-takeover step

Published October 21, 2006

NEW YORK, Oct 20: Shareholders of News Corp., the global media conglomerate controlled by Rupert Murdoch, approved the extension of a “poison pill” anti-takeover measure by a vote of 57 per cent at the company's annual shareholder meeting on Friday.

The approval tightens Murdoch's control over the media company he founded and gives him greater leverage over media investor John Malone, the chairman of Liberty Media Corp., whose unexpected move to amass a stake in News Corp. two years ago prompted News Corp. to adopt the measure.

However, the relatively narrow margin of approval signalled wider shareholder discontent with News Corp.’s handling of the issue, which has raised the ire of some shareholder advocates.—AP

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....