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Rupert Murdoch faces down shareholders at News Corp’s AGM

Rupert Murdoch told shareholders they can take their money elsewhere if they do not like the way he runs News Corp as he sailed through his second meeting with investors since the hacking scandal tore through his media empire.

At the company’s annual meeting in Los Angeles, the chairman and chief executive announced he had seen off moves by dissident shareholders calling for him to appoint an independent chairman. He also blocked a move to end a dual-class share structure that allows him to control the company by owning the largest chunk of voting shares.

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