Summary
MEDIA mogul Rupert Murdoch has shored up the defences at News Corp, extending by two years a poison-pill plan that prevents rival John Malone's Liberty Media boosting its 18% voting stake in the group.
The news came as News Corp reported a 38% surge in full-year profit to $2.1 billion (Pounds 1.2 billion), and Murdoch restated his ambitions to carve out a significant online business. The septuagenarian also secured an $18.5 million (Pounds 10.3 million) cash bonus for last year's work.See the full content of this document
Extract
Murdoch Bolsters Block Against Liberty Media
Murdoch said the two sides had been in talks to try to unwind Liberty's major stake, but that ne...
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