it's hard to push rert Murdoch around the latest atries hedge fund starboard value which wants to eliminate news Corps super voting stock that gives the media mobile deao control even at 93 he is likely to stand his ground starboard boss Jeff Smith submitted a non-binding shareholder proposal to collapse the stock into one class Murdoch and his family hold 40% of the voting Class B shares but have an economic stake of 14% another attempt to eliminate the shares endorsed by shareholders in 2015 was ignored but recent events make Smith's proposal timely Murdoch is going to court to alter the Family Trust to give his son laan who chairs the $15 billion news Court the final say over his siblings according to the New York Times what hasn't changed is news corp's valuation the stake in Australian property website Rea is worth 11 billion Dow Jones which publishes The Wall Street Journal could be valued at 11 billion as a standalone if the New York Times mult FS applied combine the two assets suggest a 40% discount before factoring in other divisions including Harper Collins book publisher aggressive investors have unsuccessfully tried to influence Murdoch's thinking before including spinning off news Corps real estate assets chances are starboard's resolution will be another unpromising lead [Music]