News Corp acts on US law breach

News Corp yesterday suspended half the voting rights of its non-American shareholders to comply with a US law that limits foreign ownership, after the company found it had breached the rule. During a company review, News Corp found voting stock held by foreign investors had risen above the 25 per cent limit set by the Communications Act of 1934. To deal with the breach, the media company will suspend 50 per cent of the voting rights of B class voting shares held by non-American shareholders.