Bloomberg News

News Corp.’s Murdoch Sells $61.7 Million of Class A Shares

November 20, 2011

(Updates with company spokesman’s comment in third paragraph.)

Nov. 18 (Bloomberg) -- News Corp. Chairman and Chief Executive Officer Rupert Murdoch sold 3.6 million shares of the media company’s Class A shares, according to a regulatory filing today.

Murdoch sold the shares for about $61.7 million, according to prices in the filing. Prior to the sale, Murdoch held 12.8 million Class A shares based on the company’s most recent proxy statement filed in September.

Jack Horner, a News Corp. spokesman, declined to comment.

News Corp. fell 1.8 percent to $16.32 at the close in the New York. The shares are up 12 percent this year.

--Editors: Niamh Ring, Elizabeth Wollman

To contact the reporter on this story: Edmund Lee in New York at elee310@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net


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