06 April 2004

Don' Go Incorporate in Delaware, Br'er Fox!

Well, now the Perfesser will get an opportunity to see if US corporate law, and almost certainly that of Delaware, is up to the task of dealing with one of the most reclusive "public" companies on the planet. According to a report in tomorrow's Guardian, Rupert Murdoch plans to reincorporate NewsCorp in the US.

Admittedly, I relish the thought of Murdoch having to comply with SEC rules under the greater scrutiny of a US-securities-issuing corporation. I will never forgive NewsCorp for the damage it did to the UK newspaper culture in the mid- to late 1980s. Neither will I quickly forget some of the shenanigans that Fox has pulled over the last decade.