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Murdoch Foes Press for Changes

Investors seeking reform at News Corp. annual meeting lack votes.

By Edmund Lee and Jeff Green, Bloomberg News | Updated on October 20, 2011

News Corp. investors seeking to curb Chairman and Chief Executive Officer Rupert Murdoch’s authority will use tomorrow’s annual meeting to press for reform, looking to persuade a board they can’t force to act.

Christian Brothers Investment Services Inc. will introduce a resolution to separate the chairman and CEO roles held by Murdoch, 80, who has run the New York-based media company for more than five decades. The California Public Employees’ Retirement System, the California State Teachers’ Retirement System and Institutional Shareholder Services all have taken stances aimed at loosening Murdoch’s control.

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