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  "documentTitle": "News Corporation (NWSA)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "We have submitted this proposal to give shareholders the opportunity to stand up for their rights and to communicate to the Board that the time for News Corp’s dual-class share structure has long passed.",
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      "text": "voting power: 41%",
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      "text": "The slide details the Murdoch family's control, citing legal reports and arguing for the collapse of the dual-class share structure.",
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      "kind": "quote",
      "text": "According to the court's decision, Mr. [Rupert] Murdoch was concerned that the 'lack of consensus' would impact the strategic direction... his intention was to consolidate decision-making power in Lachlan's hands.",
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      "kind": "quote",
      "text": "The family battle has been years in the making. Murdoch has always sought to keep his media enterprise in the family's hands.",
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      "text": "\"According to the court’s decision, Mr. [Rupert] Murdoch was concerned that the ‘lack of consensus’ would impact the strategic direction at both companies including a potential reorientation of editorial policy and content. It states that his intention was to consolidate decision-making power in Lachlan’s hands and give him permanent, exclusive control over the company.\" — The New York Times, July 24, 2024; \"The family battle has been years in the making. Murdoch has always sought to keep his media enterprise in the family’s hands, and he brought several of his children into the business over the years.\" — The Wall Street Journal, July 24, 2024",
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      "text": "Source: Company filings. Note: The Murdoch family's economic ownership and voting rights are based on the shares held by the Murdoch Family Trust and the K. Rupert Murdoch 2004 Revocable Trust as of the 2023 proxy statement.",
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