Elisabeth Murdoch made $214M on sale to father’s company

By Laurie Bennett

August 17, 2011 at 7:24am

The timing might have been better.

The annual report filed Monday by News Corp. revealed that Elisabeth Murdoch, daughter of Rupert Murdoch, made $214 million on the sale of Shine Group, her TV production firm, to her father’s media company.

News Corp. paid $675 million in April, with about $480 million going to Elisabeth Murdoch’s equity partners, according to the report.

The sale sparked lawsuits by shareholders, who charged inside dealing.

Those complaints have escalated with the phone-hacking scandals at News of the World, a News Corp. property until it was shut down in July.

The company had announced at the time of the purchase that Elisabeth Murdoch would become a director, meaning that the board would have four members of the family, including her father and brothers Lachlan and James.

Her appointment has been postponed amidst building pressures for independent company oversight.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Business · Recent Stories  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC