NEW YORK, NY, May 18, 2005 –
News Corporation
announced today that the Board of Directors has called a
special meeting of stockholders to be held on June 30, 2005
to seek stockholder approval for the adoption of a new
long-term management incentive plan for its employees.
Stockholders of record as of May 23, 2005, will be entitled
to notice of and the right to vote at the special meeting.
News Corporation has two classes of common stock, Class A
common stock and Class B common stock. Holders of Class B
Common Stock are entitled to one vote per share at the
special meeting.
Important Information For Investors And Stockholders:
News Corporation intends to file a proxy statement with the
SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY
STATEMENT AS IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSAL SET FORTH ABOVE. INVESTORS AND STOCKHOLDERS WILL
HAVE ACCESS TO FREE COPIES OF THE PROXY STATEMENT (WHEN
AVAILABLE) AND OTHER DOCUMENTS FILED WITH THE SEC BY THE
COMPANY THROUGH THE SEC WEB SITE AT
WWW.SEC.GOV. The Company
and its directors and executive officers may, under the
rules of the SEC, be deemed to be participants in the
solicitation of proxies in connection with the proposed
matters. Information regarding such persons is set forth in
the Company’s current report on Form 8-K, filed with the SEC
on November 24, 2004. Additional information regarding such
persons and a description of their direct and indirect
interests in the Company are set forth in the proxy
statement.
News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had
total assets as of March 31, 2005 of approximately US$56
billion and total annual revenues of approximately US$23
billion. News Corporation is a diversified international
media and entertainment company with operations in eight
industry segments: filmed entertainment; television; cable
network programming; direct broadcast satellite television;
magazines and inserts; newspapers; book publishing; and
other. The activities of News Corporation are conducted
principally in the United States, Continental Europe, the
United Kingdom, Australia, Asia and the Pacific Basin.
For more information about News Corporation, please visit
www.newscorp.com.
Contacts:
Media: Andrew Butcher 212-852-7070
Investors: Reed Nolte 212-852-7092