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News Corp has suspended half of the voting rights of all non-US investors after discovering it had breached US foreign ownership laws.
The move affects key Murdoch backer Prince Alwaleed bin Talal, cutting his voting stake from 7 to 3.5 per cent.
The restriction on voting rights will remain in place \'\'for as long as the Company deems it necessary to maintain compliance with US law,\'\' the company said in a statement.
The level nike scarpe shox of foreign ownership in Class B shares has now reached 36 per cent, nearly 50 per cent above the 25 per cent allowed under the US Communications Act.
\'\'This suspension of voting rights allows the Company to remain compliant with applicable US law governing holders of US broadcast station licenses, which limits both ownership and voting power of corporations owning broadcast nike shox scarpe station licensees to no more than 25 per cent by non-US stockholders,\'\' the company said in a statement.
Chairman Rupert Murdoch, who controls about 40 per cent of voting shares through his family\'s trust, also said in a statement he would not vote with respect to a portion of his shares during the suspension. (Mr Murdoch became a US citizen in 1985.)
The Murdoch family pledged not to vote more than their current 39.7 per cent even if they lifted their stake Shox R4 during the suspension period.
The breach was discovered during a routine review of the company\'s shareholder structure.
London\'s Telegraph quoted News Corp sources saying there was nothing untoward about the company\'s breach of the rules, but critics expressed fears that the company had let housekeeping slip because its management is so distracted by the phone-hacking scandal.
Shareholders scarpe shox also raised questions about the size of the breach.
\"When did News Corp last review its shareholding structure? 1936?,\" said one leading institutional investor, the newspaper reported.
The suspension stands to dent the voting power of Mr Murdoch and his allies at News Corp\'s next annual general meeting in October.


News Corp has suspended half of the voting rights of all non-US investors after discovering it had breached US foreign ownership laws.
The move affects key Murdoch backer Prince Alwaleed bin Talal, cutting his voting stake from 7 to 3.5 per cent.
The restriction on voting rights will remain in place \'\'for as long as the Company deems it necessary to maintain compliance with US law,\'\' the company said in a statement.
The level [url=http://scarpe-shox.net]nike scarpe shox[/url] of foreign ownership in Class B shares has now reached 36 per cent, nearly 50 per cent above the 25 per cent allowed under the US Communications Act.
\'\'This suspension of voting rights allows the Company to remain compliant with applicable US law governing holders of US broadcast station licenses, which limits both ownership and voting power of corporations owning broadcast [url=http://www.nike-shoxscarpe.net]nike shox scarpe[/url] station licensees to no more than 25 per cent by non-US stockholders,\'\' the company said in a statement.
Chairman Rupert Murdoch, who controls about 40 per cent of voting shares through his family\'s trust, also said in a statement he would not vote with respect to a portion of his shares during the suspension. (Mr Murdoch became a US citizen in 1985.)
The Murdoch family pledged not to vote more than their current 39.7 per cent even if they lifted their stake [url=http://nike-shoxr4.com]Shox R4[/url] during the suspension period.
The breach was discovered during a routine review of the company\'s shareholder structure.
London\'s Telegraph quoted News Corp sources saying there was nothing untoward about the company\'s breach of the rules, but critics expressed fears that the company had let housekeeping slip because its management is so distracted by the phone-hacking scandal.
Shareholders [url=http://www.scarpe-shox.com]scarpe shox[/url] also raised questions about the size of the breach.
\"When did News Corp last review its shareholding structure? 1936?,\" said one leading institutional investor, the newspaper reported.
The suspension stands to dent the voting power of Mr Murdoch and his allies at News Corp\'s next annual general meeting in October.

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