19 Jul 2012

New investors want new chairman at News Corp

12:49 pm on 19 July 2012

A new group of investors in News Corp are behind a motion asking the company to replace Rupert Murdoch with an independent chairman.

Eighteen investors have sent a letter to the News Corp board expressing their support for a shareholder resolution on the matter.

They hold less than 1% of the company.

News Corp has been under pressure recently from some shareholders unhappy about the Murdoch family's dominance.