Rupert Murdoch’s succession plan for his media company remains intact after being challenged by a major shareholder.

News Corp investors defeated a proposal to end the company’s dual-class shareholder structure, in a move cementing Murdoch family control over The Wall Street Journal parent.

Shareholders of News Corp. (NASDAQ:NWS) (NASDAQ:NWSA) rejected a non-binding proposal to ditch the dual-class share structure ...

(NASDAQ:NWS) shareholders to support a proposal that will end the media conglomerate's dual-class voting structure. In a joint statement, spearheaded by Starboard and joined by Institutional ...