Nov 21 News Corp Chairman and CEO
Rupert Murdoch sold about $10 million of the company's Class A
shares on Nov. 20, according to a regulatory filing on
The sale of 418,631 Class A shares represent about 5 percent
of Murdoch and his family's total Class A.
Murdoch and his family control News Corp through their
ownership of about 40 percent of Class B voting shares.
Shares of News Corp, home to 20th Century Fox, Fox TV
stations and the Wall Street Journal, have been on a tear up
almost 50 percent year over year.
The company is preparing to separate its publishing and
entertainment assets next year in a move to appease shareholders
who have been pressing the company to shed its troubled
The stock closed down 0.7 percent at $23.82 on Wednesday.