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Tuesday, July 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Say Murdoch Dumped TV Guide| To Get Money To Buy Dow Jones

LOS ANGELES (CN) - Shareholders of Gemstar-TV Guide International accuse Rupert Murdoch and News Corp. of selling Gemstar too cheaply to Macrovision Corp. - for $2.8 billion - to get cash for defendants' $5.6 billion purchase of Dow Jones, in a class-action complaint in Superior Court. Lead counsel for plaintiffs is Coughlin Stoia Geller Rudman & Robbins of San Diego.

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