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A formal shift of its incorporation to the United States will mark the end of an era for News Corp Despite its many U citizen The annual general meeting there later this year will be its last in Australia , which owns the Fox television network, the New York Post newspaper and the Twentieth Century Fox studio in the United States, will also move its primary stock listing to the New York Stock Exchange from the Australian exchange by the year's end S The company's Australia-listed shared closed up one Australian cent on the day at 12 media holdings, the company has retained its links with its Australian heritage, continuing to hold annual general meetings in the South Australian capital of Adelaide, where it has its registered office Under the proposed changes, existing holders of ordinary and preferred shares and holders of ordinary and preferred American depositary shares will exchange their equity for equivalent stock in a new News Corp 16 Australian dollars ($9 S , a Delaware corporation that will become the new parent entity S News Corp News Corp S 91 in early trading on the New York Stock Exchange 15), and its U The change is likely to have little effect on operations, and investors showed little reaction to the announcement that began more than 50 years ago when Murdoch inherited a small South Australian newspaper business from his father, Keith Murdoch A primary listing in the United States is expected to significantly increase its shareholder base, the company said in a statement Tuesday -listed shares edged up 3 cents to $36 The company is effectively already run from the United States, where Murdoch and other senior executives are based "I'll miss the Adelaide (annual meetings) I guess, but we're still going to have them there in the form of a big annual information meeting, which I certainly intend to chair," Murdoch said Murdoch to Incorporate News Corp plans to shift its incorporation to the United States from Australia, in a move the company hopes will stimulate demand for its shares "That, we believe, is a prime reason our stock trades at a discount to some of our peers, despite our very strong financial performance in the past few years," Murdoch said Murdoch gave up his Australian citizenship in 1985 to become a U The proposed changes are subject to shareholder approval, and Murdoch family interests won't vote with other shareholders on any of the transactions, the company said "While historic gains in News Corporation stock have been impressive, our present status as a foreign issuer in the U S Apr 6, 9:16 AM EST Rupert Murdoch's media conglomerate News Corp leaves many of the world's biggest funds and investors unable to invest in News Corporation," Murdoch told reporters in a conference call in U also owns Asia's Star television network and newspapers around the world including The Australian and The Times of London "We need multiple rescues," another says 20 fire at The Station nightclub in West Warwick killed 100 people and injured about 200 others as many concertgoers became trapped when they scrambled for the same exit By law, 911 calls are not public information in Rhode Island "I saw the horrible things that those firemen and policemen went through," said King, who happened to arrive to the nightclub as the fire started Another says, there's "at least 100 inside " The 3 1/2 hours of recordings include 277 telephone calls and radio communications made or taken by the West Warwick Police Department's dispatchers Standard police chatter and codes are used throughout the tapes We have people on fire inside," says one man I Messages left Thursday with West Warwick fire chiefs and town manager seeking comment on the release were not immediately returned Attorneys for the newspaper and the state had spent months working on an agreement to release documents that would not interfere with a criminal investigation into the blaze, which also injured about 200 people The Attorney General's Office said eight of the recordings were edited to delete some sensitive information, such as the identification of victims or phone numbers Many of the rescue workers do not identify themselves by name as they call in for more assistance Thick smoke quickly spread through the one-story wooden building, trapping patrons as they tried to flee westwarwickri A grand jury is investigating the fire, which started when pyrotechnics ignited highly flammable foam that had been placed around the club's stage as soundproofing The Feb In the initial minutes on scene, the workers called for more help as they realized the extent of the tragedy The order came in response to a lawsuit filed in March by The Providence Journal seeking more information about what happened at The Station Rescue workers arrived three minutes after they received the alarm, a fire report released Thursday shows "I watched a fireman pull off someone's hand; it came off in his hands Jody King, whose brother, Tracy, died in the fire, said Thursday it was wrong to have released the tapes and make the rescue workers and public rehash the events of that night We're just dragging them out, one by one," one rescue worker says "We have multiple people trapped org The town has been named in several lawsuits There's no question in my mind that their response saved lives R Among them are conversations between police, firefighters and other emergency workers, as well as media inquiries The transmissions' release was ordered Wednesday by Kent County Superior Court Judge Mark Pfeiffer "We've got a stampede," says another on the recordings, released by Attorney General Patrick Lynch after a judge ordered that they be made public " Screams and shouting can be heard in the background of the recordings Club Fire Emergency Tapes Released Nov 7, 1:03 AM EST Rescue workers arriving at February's deadly nightclub fire met a horrific scene, describing a "stampede" and "people on fire inside," tapes released Thursday show They do not include calls made by club patrons or other civilians "I think it's important The Providence Journal obtain this information," Pfeiffer said â€â€?â€â€?â€â€? On the Net: http://www " West Warwick Town Solicitor Tim Williamson had objected to releasing the transmissions, saying the information could affect the town's right to a fair trial But Police Chief Peter Brousseau said the tapes "are a testimony to the heroic efforts of the men and women of the West Warwick Police Department That agreement was approved Wednesday by the judge's ruling "We are fully engulfed, fully engulfed building |
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