Member access

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

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Rupert Murdoch
Country of residence : USA
Birthday : 03/11/1931
Linked companies : MTV - Twenty-First Century Fox Inc - JPMorgan Chase & Co.

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 
Murdoch concerns ; companies today
2014 - MURDOCH CONCERNS The outgoing head of Ofcom has accused Government representatives of showing favouritism to Rupert Murdoch's companies. Ed Richards said he was "surprised" by the informality of conta
Murdoch faces challenge over Sky board seat
2014 - A GROUP of UK public sector pensions recommended yesterday that its member funds oppose the re-election of James Murdoch, son of media tycoon Rupert Murdoch, to the board of Sky
Pensions group opposes James Murdoch re-election to Sky board
2014 - LONDON (Reuters) - A group of UK public sector pensions recommended on Wednesday that its member funds oppose the re-election of James Murdoch, son of media tycoon Rupert Murdoch, to the board of Sky Plc (>> British Sky Broadc...
Murdoch confirms Foxtel weighing up Ten stake
2014 - News Corp executive chairman Rupert Murdoch has confirmed that Foxtel is examining a "small piece" of the
Advertisement
Popular Business Leaders 
Sheldon Adelson Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Marc De Lacharrière Benjamin De Rothschild Jean-baptiste Descroix-vernier Barry Diller Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Arnaud Lagardère Lakshmi Mittal Rupert Murdoch Nelson Peltz Patrick Ricard Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump Guy Wyser-pratte Jerry Yang
A-Z Business Leaders
Most Read News 
Interactive Brokers Group CEO Says Impossible to Say How Much Brokerage Could Recover on Swiss Franc Losses
7 days ago - Interactive Brokers Group Inc. Chief Executive Thomas Peterffy said Tuesday it would be almost impossible to forecast h...
QE is Good for Europe but Mixed for Deutsche Bank Davos
6 days ago - a supplier to doctors, hospitals and veterinary practices--expects low oil prices to translate into savings for things lik...
Icahn Stirs Activist Pot on Possible Takeovers
5 days ago - By Liz Hoffman And Lukas I. Alpert Carl Icahn thinks that eBay Inc.'s PayPal and Gannett Co.'s publishing business...
Gross Invested $700 Million in Janus Fund -- Update
5 days ago - By Kirsten Grind Janus Capital Group Inc. confirmed that the bulk of the money flowing into the new bond fund of s...
NantWorks Announces Launch of an Immuno-Oncology Company, NantCell, and Licensing Agreement with Amgen for an Oncology Antibody
4 days ago - By a News Reporter-Staff News Editor at Biotech Week -- NantCell, LLC, a subsidiary of NantWorks, LLC, focusing on the di...
More news
Dynamic quotes  
ON
| OFF