Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Birthday : 03/11/1931
Place of birth : Melbourne - Australia
Biography : Mr. Keith R. Murdoch is Executive Co-Chairman at News Corp., Executive Chairman at News Corp. Austra

News Corp. Chairman Murdoch Sells $28.9 Million in Voting Shares

02/22/2013 | 06:15pm US/Eastern

News Corp. (NWS, NWSA) Chairman and Chief Executive Rupert Murdoch sold voting shares in the media company worth around $28.9 million this week, further reducing his voting stake by a fraction of a percent.

Mr. Murdoch sold a total of one million class B shares this week in two transactions, which valued the stock at $28.85 and $28.86 a share, according to a securities filing late Friday. The stock closed Wednesday at $29.03, according to financial data provider FactSet.

The sale comes after Mr. Murdoch last week sold voting shares in the company valued around $40.1 million.

Mr. Murdoch and his family own more than 39% of News Corp.'s voting shares. The vast majority of the family's stake is held through a Murdoch family trust. The shares sold both this week and last week were held by another trust for Mr. Murdoch's benefit.

This week's sale reduced that trust's stake to 8.25 million shares from 9.25 million shares. Overall, the Murdoch family's voting stake dropped to 39.4% from 39.56% as a result. Before last week's sale, the voting stake had been 39.7%.

Last November, Mr. Murdoch sold the remaining portion of his Class A, nonvoting shares in the company, which were valued at more than $10 million. He had sold another $62 million worth of nonvoting shares a year earlier.

News Corp. owns Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.

Write to William Launder at william.launder@wsj.com

Corrections & Amplifications

This article was corrected at 6:20 p.m. EST because the original version incorrectly stated that News Corp. class B shares closed Wednesday at an all-time high of $29.91 in the second paragraph. The stock closed Friday at $29.03.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news about Rupert Murdoch 
07/17DJRUPERT MURDOCH : Fox Details Pay for James, Lachlan Murdoch
06/25 RUPERT MURDOCH : James Murdoch says family is united as he takes helm of Fox
06/17DJRUPERT MURDOCH : Murdoch Succession Plan Means New Bosses for Ailes
06/16 RUPERT MURDOCH : Chase Carey to stay at Fox to advise newly promoted Murdoch sons
06/16DJRUPERT MURDOCH : Rupert Murdoch to End Fox CEO Duties July 1--2nd Update
06/16DJRUPERT MURDOCH : Rupert Murdoch to End Fox CEO Duties July 1
06/11 RUPERT MURDOCH : Rupert Murdoch to hand Fox CEO title to son James
06/11DJRUPERT MURDOCH : Rupert Murdoch Positions Sons to Lead Fox
05/05 RUPERT MURDOCH : Sky? Skype? EU court backs Murdoch over Microsoft in name battle
04/26 RUPERT MURDOCH : Rupert Murdoch says Scottish self rule inevitable 'in next few years'
04/21 RUPERT MURDOCH : With a prince's backing, James Murdoch may soon ascend at Fox
04/07 RUPERT MURDOCH : sources
03/25 RUPERT MURDOCH : Clarkson mounted unprovoked attack on Top Gear producer - live
03/05 RUPERT MURDOCH : Row over Murdoch link to Alex Salmond's new book
02/24 RUPERT MURDOCH : Murdoch's 21st Century Fox says Discovery takeover talks false
1  2  3  4  5  6  7  8  9  10Next

Advertisement
Most Read News 
07/31DJBRIAN MOYNIHAN : Bank of America Gives Details on Vote About Moynihan's Role
07/28 JACK DORSEY : Twitter CEO Dorsey's criticism of company refreshing, analysts say
07/31DJDANIEL GILBERT : Pain Worsens for Oil Giants Exxon and Chevron
07/29DJDANIEL GILBERT : Chevron and Exxon Get the Plaudits, but Some Smaller Drillers Faring Well
07/31DJLAKSHMI MITTAL : ArcelorMittal Pressured by China and Russia
07/28 JOHN MCFARLANE : Barclays boss McFarlane seen speeding asset sales, cost cuts
07/29DJSATORU IWATA : Nintendo Scores Profit; No Word on Successor to Iwata
More news

Popular Business Leaders 
Jean-michel Aulas Ernesto Bertarelli Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Stéphane Courbit Serge Dassault Jean-claude Decaux David Einhorn Larry Ellison Pierre Fabre Bill Gates Carl Icahn Steve Jobs Li Ka-shing Kirk Kerkorian Arnaud Lagardère Maurice Lévy Lakshmi Mittal Rupert Murdoch Nelson Peltz François-henri Pinault Ferdinand Piëch Lee Shau Kee Carlos Slim George Soros Donald Trump Alain Weill Guy Wyser-pratte
A-Z Business Leaders