Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a Fox-News Corp. merger unless the combination has the blessing of special committees of outside directors, and of non-Murdoch affiliated stockholders.
The boards of both companies issued statements Tuesday in an “update on the process in response to recent inquiries.” Special committees began exploring a recombination of the two companies last month at Murdoch’s request, prompting some blowback by some outside investors who don’t think it’s in the best interests of either.
“Mr. Murdoch and the Murdoch Family Trust will not vote in favor of a transaction unless it is both recommended by the Special Committee and approved by a majority vote of the shares held by non-affiliated stockholders entitled to vote,” Fox and News Corp. said today in dueling SEC filings.
Independent directors — not affiliated with the Murdoch family – on the Fox Special Committee include Jacques Nasser,...
The boards of both companies issued statements Tuesday in an “update on the process in response to recent inquiries.” Special committees began exploring a recombination of the two companies last month at Murdoch’s request, prompting some blowback by some outside investors who don’t think it’s in the best interests of either.
“Mr. Murdoch and the Murdoch Family Trust will not vote in favor of a transaction unless it is both recommended by the Special Committee and approved by a majority vote of the shares held by non-affiliated stockholders entitled to vote,” Fox and News Corp. said today in dueling SEC filings.
Independent directors — not affiliated with the Murdoch family – on the Fox Special Committee include Jacques Nasser,...
- 12/6/2022
- by Jill Goldsmith
- Deadline Film + TV
On Monday, a federal judge in Washington, DC, ruled that former White House counsel Don McGahn must testify before Congress in the impeachment probe. The decision strikes down President Donald Trump’s order to McGahn not to cooperate.
The House wants to hear from the Trump’s former top lawyer in regards to possible obstruction of justice in connection to the Russia probe. The decision handed down by U.S. District Judge Ketanji Brown stated clearly that members of a presidential administration are not exempt from appearing before Congressional investigations.
The House wants to hear from the Trump’s former top lawyer in regards to possible obstruction of justice in connection to the Russia probe. The decision handed down by U.S. District Judge Ketanji Brown stated clearly that members of a presidential administration are not exempt from appearing before Congressional investigations.
- 11/25/2019
- by Peter Wade
- Rollingstone.com
Late last month, the House Judiciary Committee issued subpoenas to former White House communications director Hope Hicks and former deputy White House counsel Annie Donaldson for documents and testimony. On Tuesday, the Trump administration directed Hicks and Donaldson to defy the subpoenas. In other words, they were directed to break federal law. The move is not surprising considering the administration’s growing disregard for the law as it seeks to stonewall the efforts of Democratic lawmakers to conduct oversight. “We’re fighting all the subpoenas,” Trump announced to reporters in April.
- 6/4/2019
- by Ryan Bort
- Rollingstone.com
10:30 Am Pt -- Prosecutors admitted during the hearing that despite their initial thoughts ... they have No evidence of human trafficking at the Orchids of Asia spa. They also said there is no longer an ongoing investigation for any such evidence. Kraft's attorneys have long argued cops knew all along there was no evidence of human trafficking. The hearing is getting heated ... with Kraft's team insisting prosecutors are holding the threat of releasing the...
- 4/12/2019
- by TMZ Staff
- TMZ
Robert Kraft is finally speaking out about getting caught in the South Florida prostitution sting ... and he's apologizing to his friends, to Patriots fans and to all women. Kraft says, "In deference to the judicial process, I have remained silent these past several weeks. To correct some of the misinformation surrounding this matter, my attorney made his first public comments on Friday night. I would like to use this opportunity to say something that I...
- 3/23/2019
- by TMZ Staff
- TMZ
Last week, President Trump’s ex-lawyer Michael Cohen admitted he lied to Congress more than a year ago when he claimed discussions about a possible Trump Tower in Moscow ceased in January 2016. (The talks continued through the Republican primary season, which ended in June 2016.) Cohen made the claims in a two-page letter he drafted while in communication with the White House, and delivered it to the House Permanent Select Committee on Intelligence in August 2017 as it was conducting an investigation into Russia’s attempts to interfere in the 2016 election.
Cohen’s plea agreement,...
Cohen’s plea agreement,...
- 12/4/2018
- by Tessa Stuart
- Rollingstone.com
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