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The Guardian - UK

Roy Greenslade

Murdoch strengthens his control of News Corp

News Corp shareholders have overwhelmingly approved an $11bn (£5.5bn) asset swap that increases Rupert Murdoch's control over the company and transfers the DirecTV Group to Liberty Media, controlled by John C. Malone. The exchange will lift the Murdoch family's stake to 38% from 31%. Liberty will get a 38.5% controlling stake in DirecTV, the largest American satellite TV company, and three local Fox sports channels. (Via New York Times)

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