Elisabeth Murdoch Turned Down Seat On News Corp Board
LOS ANGELES -- In the weeks that Rupert Murdoch was locked in unsuccessful negotiations to keep his longtime No. 2 at News Corp., the media baron also had to accept his daughter Elisabeth's decision to turn down a spot on the company's board, sources told Fortune.
Murdoch's interest in having Elisabeth rejoin the family business adds to the palace intrigue surrounding president Peter Chernin's pending departure and the question of who will eventually run the globe-spanning media conglomerate Murdoch assembled and controls through a 37% voting interest. Indeed, Elisabeth was in New York today as an "observer" at the company's first board meeting since announcing Chernin's departure yesterday, two people said. She could not be reached for comment.