Fox shareholders reject proposal to abandon dual-class shares
FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson /File Photo
(Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company's annual meeting.
Shareholders also voted to re-elect Fox's board of directors, preliminary results indicated, a sign that investors continue to support founder Rupert Murdoch and his family, who effectively control the company.
(Reporting By Jessica Toonkel; Editing by Bill Rigby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China Pharma says it has no explanation for unusual stock activity
- Apple explores chip acquisitions to bolster AI server capabilities
- Bernstein sees emerging markets gaining more from AI use
Create E-mail Alert Related Categories
Corporate News, General News, ReutersRelated Entities
Rupert MurdochSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share