Monday, June 12, 2006

Murdoch's talks with Malone at crucial stage


Beware a family trying to maintain control of their publicly-listed company with only a minority stake. Their machinations usully cost other shareholders.

Onésmo Alvarez-Moro

See article:
Rupert Murdoch's negotiations with John Malone over buying back an 18 per cent voting stake in News Corporation are reaching a decisive stage. US regulators are set to approve a long-standing request for ownership changes to News Corp television stations that could pave the way towards fresh talks between the media moguls.

Mr Murdoch, whose family controls just over 30 per cent of News Corp's voting shares, has wanted to buy out Mr Malone since his long-time sparring partner accumulated the shares without Mr Murdoch's knowledge in November 2004.

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