News Corp Faces Shareholder Pressure to Eliminate Dual-Class Structure

News Corporation (NWS) is facing pressure from its largest shareholder, Starboard Value LP, to eliminate its dual-class share structure. Starboard argues that this structure, which gives more voting power to the founder’s heirs, is not in the best interests of shareholders and is detrimental to corporate governance. The move comes as News Corp’s stock has struggled to keep up with its perceived value.

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