Major Shareholder Urges News Corp to Sell Newspapers

Posted
By: Andrew Pugh | pressgazette.co.uk

News Corporation chairman Rupert Murdoch has been urged by its third-biggest shareholder to sell off its newspaper businesses.

 In an interview with The Sunday Telegraph, Kevin Holt, a senior fund manager at the investment management company Invesco, said he wants the company to sell "all the newspaper businesses," adding: “It's a digital world now and the competitive advantage that newspapers had has been competed away.”































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