TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Rupert Murdoch Sells $62 Million Worth of Shares

Rupert Murdoch has sold off 3.6 million News Corporation A shares — worth around $17 each — for a total of $62 million. According to Reuters, the sale drops his A share stocks down to just 381,000, from about four million.

Yes, that’s quite the decline. But before you start to think big changes are coming to News Corp., remember: Only B shares have voting rights in the company.

Basically Murdoch just got some spending cash. Everything else remains the same. For better or worse.

Mediabistro Course

Travel Writing

Travel WritingStarting September 23, learn how to turn your travel stories into published essays and articles! Taught by a former Vanity Fair staff writer, James Sturz will teach you how to report, interview, and find sources, discover story ideas and pitch them successfully, and understand what travel editors look for in a story. Register now!