Murdoch Sells $40 Million in News Corp. Voting Stock as Price Soars

By: Meg James | Los Angeles Times

Chairman Rupert Murdoch is taking advantage of the jump in value of News Corp. stock by selling $40 million in voting shares this week. Shares closed trading Friday at all-time highs.

A News Corp. spokesman declined to provide a reason for Murdoch’s pre-Valentine’s Day sale of nearly 1.4 million Class B shares. The sale, which occurred Wednesday, was recorded Friday with the Securities and Exchange Commission.

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