All posts tagged "Murdoch"

Investors of the Fox Corp. networks have looked like they were going to sue the company since their court deal with Dominion Voting Systems and ongoing litigation with Smartmatic. The stock price fell after the settlement was announced.

The New York Times reported Tuesday that among the investors in Fox was the New York Pension funds. They are now suing Fox and the board of directors saying that they had a duty to shareholders to be transparent about the legal crisis that came from their broadcast of 2020 election lies.

"The lawsuit, filed in the Delaware Court of Chancery, is the most significant shareholder action since Fox settled a blockbuster defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million. The city’s five pension funds represent nearly 800,000 current and retired workers and are worth $253 billion," the report said. ...

Alan Travis, The Guardian

Rupert Murdoch will fly to London this week to meet journalists at The Sun after five senior staff at his flagship British tabloid were arrested over bribery allegations, sources said on Sunday.

Britain's biggest selling newspaper The Sun was in crisis Saturday after police arrested five of its journalists over bribery allegations, but owner Rupert Murdoch vowed to keep publishing the tabloid.

Detectives investigating the suspected payment of police for information arrested a serving officer and three other men on Saturday, and searched the offices of Rupert Murdoch's newspapers.