A nonprofit foundation is calling on the board of directors of the parent company of Fox News to fully disclose the company's political spending to shareholders at the News Corp. shareholder meeting in New York City on Friday.
Owned by Rupert Murdoch, News Corp., is a sprawling company which owns a number of media properties, including the Fox News cable outlet.
Officials with the Nathan Cummings Foundation (NCF) issued their challenge in an Oct. 11 letter to Roderick Eddington, the lead director at News Corp. The foundation, which describes itself as a social justice organization rooted Jewish tradition and named for the founder of the Sara Lee Corp., says it is seeking the disclosure in light of media reports that News Corp. made separate $1 million contributions from its corporate treasury to the Republican Governors Association (RGA) and the U.S. Chamber of Commerce, which is projecting $75 million in corporate spending to influence the outcome of the November elections.
http://onthehillblog.blogspot.com/2010/10/news-corp-board-challenged-to-disclose.html