USA Today | New York Times | Connecticut Post
Seventy-seven percent of News Corp.'s shares were cast against a proposal to end the two-tiered stock structure that gives
Rupert Murdoch 39% of the company votes although his family owns about 15% of the equity. Murdoch told investors that Fox Business Network likely will lose $70 million this year, and cost as much as $200 million before it breaks even. || More on FBN from
Joe Nocera and
Paul Janensch.
