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As the Murdoch succession battle plays out in a US court, a separate fight is brewing over control of News Corp
Australian and US investment groups take aim at dual voting rights system that gives family a dominant voice over how empire is run
Australian pension funds and governance groups have criticised the share voting powers that allow Rupert Murdoch to control News Corp, as a secret legal case over the future control of the company is heard in the US state of Nevada.
The push to untangle News Corp’s structure, which allocates different voting rights according to share type, is being driven by agitators trying to loosen the billionaire’s grip over the media empire and stop that influence being passed to his heirs.
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