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.She was set to obtain a seat on the board of directors at News Corp, but decided against pursuing the nomination following the phone hacking scandal that dogged the company.
Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA traded higher by 0.41% or $0.14/share to $34.29. In the past year, the shares have traded as low as $30.67 and as high as $36.56. On average, 15873500 shares of FOXA exchange hands on a given day and today's volume is recorded at 10073883.
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, 3023550 shares of NWSA exchange hands on a given day and today's volume is recorded at 9190553.
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