November 15, 2007 / 10:36 PM / 10 years ago

News Corp Murdoch family trust sells 17.5 mln shrs

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NEW YORK, Nov 15 (Reuters) - News Corp's NWSa.N Murdoch family trust sold about 17.5 million Class A shares in a block sale, the company said on Thursday.

The proceeds of the sale are "for the benefit of the trust and its beneficiaries," which include News Corp Chairman and Chief Executive Rupert Murdoch and his children, the company said.

The shares were sold at $20.20, netting the trust about $353.5 million. The sale was part of the family's normal financial planning, the company said. (Reporting by Kenneth Li; Editing by Braden Reddall)

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