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"Tony Blair - perhaps I shouldn't repeat this conversation - told me yesterday that he was in Delhi last week. And he turned on the BBC World service to see what was happening in New Orleans,"
"And he said it was just full of hate of America and gloating about our troubles. And that was his Government. Well, his Government-owned thing,"
Originally posted by Odium
Why does it matter what he says?
He's nearly dead and his empire gets split up once he does die.
There is reported to be tension between Murdoch and the children of his first two marriages over the terms of a trust holding the family's 28.5 percent stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children by prior marriages. This was a compromise agreed to by his former wife Anna in lieu of a large cash settlement at the time of their divorce. Murdoch's voting privileges are not transferrable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it.
Originally posted by sardion2000
He has 4 children and from what it looks like in this Wiki article yes News corp is gonna be split up at least 4 ways
en.wikipedia.org...
So if you take that at face value then it looks like there will be 4 owners after his death.
shots, Murdoch is a very public figure so quite a bit of his personal life is public record.
Originally posted by sardion2000
News corp is a public company. The shareholders HAVE to know what's gonna happen after he passes away, people like that HATE uncertainty so no it's not pure speculation it's an educated guess. If it were a private company I would agree with you but it isn't so I'm not.
[edit on 20-9-2005 by sardion2000]
Originally posted by shots
For all anyone knows they could sell it outright to another individual/indivduals who will continue running the corporation as it is now
Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children by prior marriages.
That still changes nothing because for all you or anyone knows the board of directors could very well approve the sale it happens all the time when something happens to a CEO/chief shareholder.
Originally posted by sardion2000
Then why didn't they do so already? They have a large stake in the company already from previous legal wrangling with his Ex.
Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children by prior marriages.
Now who's guessing?
[edit on 20-9-2005 by sardion2000]
Originally posted by sardion2000
I guess you didn't check out the article or the Ticker symbols, keep your eyes closed and not walking out on limbs will never make you any money. Of course you'll always be right since you never took the risk of being wrong, but I've been right more then I've been wrong so my statements stand.