NEW YORK Nov 15 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)
PRESS DIGEST- New York Times business news - May 23
May 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
African Markets - Factors to watch on May 23
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak". WORLD OIL P