News Corp gets shareholders' approval to move HQ to US


  • Business
  • Wednesday, 27 Oct 2004

ADELAIDE: Rupert Murdoch won shareholder approval yesterday to move the corporate headquarters of his US$48bil News Corp Ltd media empire to the United States and sever its Australian roots. 

Murdoch, who has US citizenship and has lived there since the 1970s, also said the company was sticking with its earnings forecasts, helping to spur a 4% rally in News Corp shares. 

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