US pension fund slams News Corp

Martin Cloake
James and Rupert Murdoch face UK Parliament
James and Rupert Murdoch face UK Parliament

The largest public pension fund in America has called the share structure that entrenches the power of the Murdoch family in News Corp "a corruption of the governance system". The fund, which owns 7m shares in the media giant, warned: "We don't intend to be spectators – we're owners".