Exhibit 99.1
News Corporation
NEWS RELEASE
For Immediate Release
Contacts - Investor Relations: Reed Nolte 212-852-7092
Press: Teri Everett 212-852-7070
News Corporation Approves Termination of Stockholder Rights Plan
Company moves to eliminate classified board structure
NEW YORK, NY, April 15, 2008 - News Corporation today announced that its Board of Directors approved the termination of the Company's Amended and Restated Stockholder Rights Plan, effective immediately.
The Company also announced that the Board approved the elimination of the Company's classified board structure, subject to the Company's Class B common stockholders' approval at the Company's 2008 annual meeting of an amendment to the Company's Restated Certificate of Incorporation.
Upon approval, all of the Company's directors will stand for re-election for a one-year term beginning at the 2008 annual stockholders meeting.
The Board had previously stated that it would take action to terminate the stockholder rights plan and eliminate the classified board structure following the closing of the Share Exchange Agreement with Liberty Media Corporation. The share exchange was completed on February 27, 2008.