Rupert Murdoch vs. News Corp Shareholders

By Felix Salmon: Bloomberg is sounding out News Corp’s (NWS) independent directors, and they’re not happy: Independent directors of New York-based News Corp. have begun questioning the company’s response to the crisis and whether a leadership change is needed, said two people with direct knowledge of the situation who wouldn’t speak publicly…News Corp.’s independent directors, who hold nine of 16 board seats, have expressed frustration over the quality and quantity of information they’ve received about the scandal and concern about management’s ability to handle the crisis given how slowly the company has responded, the person said.Some directors said Murdoch, the company’s 80-year-old chairman and chief executive officer, appeared to be in denial over the fallout from the scandal in an interview he gave last week to the Wall Street Journal, one of News Corp.’s newspapers. And that’s not all: in another article, Bloomberg says that even parts of the Murdoch familyComplete Story »