To add to the turmoil, Fox has recently talked to Walt Disney Co about selling much of itself, according to a CNBC report. Strong fund manager support for the measure, which is advisory and would not force the company to change anything, would nevertheless signal investor dissatisfaction with the Murdoch family’s grip on the company as filings show Fox has lost a longstanding shareholder ally in Saudi Arabia’s Kingdom Holding.Īt the same time, its Fox News division is recovering from a series of costly sexual harassment settlements, an issue that has slowed Britain’s regulatory review of the company’s bid to take over broadcaster Sky Plc. NEW YORK, Nov 15 (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure may inflict a symbolic black eye on the media company’s founder Rupert Murdoch and his family at its annual meeting on Wednesday.
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