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August 30, 2012

The world has changed and some businesses that worked in the past won’t work in the future. Elisabeth Murdoch can’t be the only next-gen wondering if it’s easier just to jump ship and build something better.

When Elisabeth Murdoch stood up to deliver the MacTaggart Lecture recently – the main event at an annual British media jamboree in Edinburgh – the audience may have braced itself for a repeat of her brother James’s infamous appearance before British parliament.

Explaining why journalists at the newspapers he ran were hacking the phones of murdered girls and bombing victims, he lapsed into incomprehensible management jargon, blathering about “pushbacks” and “financial quantum”. Fortunately Elisabeth is made from different stuff.

July 17, 2012

More and more family businesses are hiring outside chief executives. CampdenFB asks whether a family or non-family CEO is better.

Tempted to promote your son or daughter to the chief executive position? You shouldn’t, at least if you believe current research. Family-owned companies with a family member as chief executive are among the worst managed, says a 2012 international study. Another, by British academics at Leeds and Aberdeen Business Schools, found that a company’s operating performance increased after a family chief executive left. Yet another found the stock prices of listed family-controlled businesses reacted favourably to the appointment of a non-family chief.

June 26, 2012

Media conglomerate News Corporation, controlled by the Murdoch family, confirmed today (26 June) that it is considering splitting its business – a move that will separate its film and television operations from its publishing division.

Media conglomerate News Corporation, controlled by the Murdoch family, confirmed today (26 June) that it is considering splitting its business – a move that will separate its film and television operations from its publishing division.

June 20, 2012

Australian billionaire James Packer, majority owner of Consolidated Media Holdings, is looking to cut his ties with the media business, founded by his great-grandfather, by selling his shares to fellow family-run News Corporation.

Australian billionaire James Packer, majority owner of Consolidated Media Holdings, is looking to cut his ties with the media business, founded by his great-grandfather, by selling his shares to fellow family-run News Corporation.

Following an offer of AUS$3.50 (€2.81) per share by News Corp, CMH said on 20 June that it will “engage constructively” with Murdoch family-controlled media conglomerate.

May 2, 2012

Ask News Corp’s communications team whether the media group is a family business and they will reply no. But if News Corp is to start rebuilding its reputation hurt badly by the hacking scandal in the UK, then maybe it should start seeing itself as a family business – and start following the best practices followed by family-run companies.

Ask News Corp’s communications team whether the media group is a family business and they will reply no.

But if you apply the standard definition of what constitutes a family business – 25% or more of the company is owned (voting or capital) by the same family, at least one family member is involved in management of the business, and the company is at least in its second generation of family control – then News Corp is a family business.

December 14, 2011

What isn’t there to like about Lego bricks? They’re small and colourful and can be assembled to form anything – from a giant Christmas tree to a monster truck. But a testament to the popularity of the toy, made by Danish family business Lego Group, was recently shown when fans recreated some of the important news stories of the year using these plastic bricks.

What isn’t there to like about Lego bricks? They’re small and colourful and can be assembled to form anything – from a giant Christmas tree to a monster truck. But a testament to the popularity of the toy, made by Danish family business Lego Group, was recently shown when fans recreated some of the important news stories of the year using these plastic bricks.

November 3, 2011

The phone-hacking scandal has reportedly driven a wedge between members of the Murdoch family, which controls News Corp, with Elisabeth blaming her brother James for allowing the situation “to spiral out of control”. 

The phone-hacking scandal has reportedly driven a wedge between members of the Murdoch family, which controls News Corp, with Elisabeth blaming her brother James for allowing the situation “to spiral out of control”.

According to an article in Vanity Fair, Elisabeth approached her father Rupert Murdoch, the media conglomerate’s chief executive and chairman, as details emerged about phone-hacking practices at News International, the UK division of News Corp that James oversees.

October 25, 2011

Class distinction extends to company ownership with families ensuring they are upper class. But what does this mean for corporate governance at family businesses? 

As one of the most successful football teams in the world, Manchester United is used to commanding headlines and courting the media. But when reports began emerging in August that the club would be floated on the Singapore stock exchange, no one at United was talking, not least the Glazers, the American family which bought the team in 2005.

October 25, 2011

Shareholders have registered their anger at the Murdoch family's handling of the phone-hacking scandal, with the majority of non-family shareholders at News Corporation voting against the re-election of Rupert Murdoch’s sons to the board. 

Shareholders have registered their anger at the Murdoch family's handling of the phone-hacking scandal, with the majority of non-family shareholders at News Corporation voting against the re-election of Rupert Murdoch’s sons to the board.

Figures released by the family-controlled media conglomerate on 24 October show that 35% of News Corp’s shareholders voted against the re-election of James Murdoch, the company’s deputy chief operating officer, and 34% voted against Lachlan Murdoch. Fourteen percent voted against Rupert's re-election.

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