(Via Reuters)

That News Corporation meeting happened just the way FishbowlNY thought it would: A lot of shareholders voted against the Murdochs (especially James) and in the end nothing happened. According to Businessweek, one third of the investors voted against the election of James Murdoch and Lachlan Murdoch to the board:

James Murdoch, deputy chief operating officer and son of the chief executive officer, received the most votes against his election, at 35 percent, according to figures released by the company yesterday… Thirty-four percent of shareholders voted against Lachlan Murdoch, 40, while 14 percent voted against Rupert.

While this might — just maybe, be enough to get Rupert to throw James under the bus for the hacking scandal, as you can see, three-quarters of the shareholders still favored keeping the elder Murdoch in place. And if he’s there, nothing beyond James’ removal will change.

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The board was expected to meet today and discuss her joining the ranks. Add that to James Murdoch‘s recent promotion, and the fact that Lachlan Murdoch is still on News Corp.’s board, and you get the feeling the Murdoch family is going to be calling the shots for a long, long time.

Shareholders might be complaining for decades.

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The profile includes a quote from inside the Murdoch family that speaks harshly about Ailes and his work at Fox News. Says Matthew Freud, great-grandson of Sigmund who is married to Murdoch’s daughter Elisabeth:

“I am by no means alone within the family or the company in being ashamed and sickened by Roger Ailes’s horrendous and sustained disregard of the journalistic standards that News Corporation, its founder and every other global media business aspires to.”

Of course, this is not how Murdoch officially feels about his company’s Fox News division. He told the Times, “I’m proud of Fox News and what it is accomplishing, and I am grateful to Roger and his team for creating such a great asset for News Corporation.”

He also offered Ailes a contract that earned him $23 million, plus bonuses and additional income, more than Murdoch made himself last year, the Times reported. If Fox News really is as successful as the profile claims — said the article: “Fox News is believed to make more money than CNN, MSNBC and the evening newscasts of NBC, ABC and CBS combined” — then Ailes earned it. And that’s something he can take to the bank, no matter how Murdoch and his family really feel about him.

Read More: A Fox Chief at the Pinnacle of Media and Politics –New York Times

Previously: Ailes and Obama Called Truce?

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The new company, called e5 Global Media LLC, is said to have paid $70 million for the publications and events, which include the ShoWest and other trade shows. Pluribus was founded by James A. Finkelstein, whose family owns the “Who’s Who” series of books; George Green, the former president of Hearst Magazines International; and Matthew Doull. The New York Post‘s Keith Kelly reported today that another rumored partner in the deal, Rupert’s son Lachlan Murdoch, was replaced by former Bear Stearns chief Alan Schwartz, who runs Guggenheim. Finkelstein will serve as chairman of e5, the company said.

Meanwhile, Nielsen maintains that it will remain committed to its remaining brands. “Divesting these titles allows Nielsen to focus its investment on its core businesses and those parts of our portfolio that have the greatest potential for growth, including our leading trade show group,” Nielsen Business Media president Greg Farrar said.

Full release, after the jump

Billboard buying group changes –New York Post

continued…

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Ron Mwangaguhunga reports:

It’s July, so that means that the chattering class big guns are out and about in Sun Valley, Idaho, at investment banker Herb Allen‘s mogul retreat for a little “deep think” interspersed with rounds of golf. There is always, lurking in the green, the possible dramatic tension of the merger-subplot-scenario. Heather Godchild, chief media analyst at Standard and Poor’s credit rating service, told the Seattle Times: “Bucolic it may be, but this is a chessboard. You’ve got major, major players there thinking through some big questions.”

Much of the reporting coming out of Sun Valley appears to revolve around four themes:

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