CBIS wants Murdoch to quit as US News Corp chairman

London: An influential shareholder has
urged Rupert Murdoch to quit as chairman of the US-based News Corp so
the company can appoint an independent leader.

The Christian
Brothers Investment Services (CBIS) manages around 2.5 billion pounds
worth of funds, mainly for Catholic institutional clients.

the CBIS resolution is unlikely to be passed as the Murdoch family
controls 40 percent of the votes, the Daily Mail reported Tuesday.

But it will put pressure on the board to reduce the 81-year-old media mogul’s role.

Murdoch, News Corp has grown to become one of the world’s most powerful
media companies, but has been badly hit by allegations of phone

The News of the World newspaper, owned by News Corp and
published in Britain, was closed last July as it was engulfed by the
hacking scandal.

Leave a Reply