Elisabeth Murdoch, the daughter of media mogul Rupert Murdoch, will step down as the chairman of Shine Group when it merges with Endemol and Core Media Group Inc , the Financial Times reported, citing people familiar with the matter.Twenty-First Century Fox Inc said in May that it would form a joint venture with Endemol, Shine Group and Core Media Group.Sophie Turner Laing, the former managing director of content at British Sky Broadcasting Group Plc, has been named chief executive of the merged entity, the Financial Times reported.Elisabeth, founded and sold her Shine Group television business to News Corp in 2011.
News Corporation is a diversified media and information services company. Shares of NWSA fell by 2.68% or $-0.45/share to $16.35. In the past year, the shares have traded as low as $15.44 and as high as $18.53. On average, 3105700 shares of NWSA exchange hands on a given day and today's volume is recorded at 9190553.
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