A long-standing and somewhat obscure rule coming from the Federal Communications Act limits the foreign ownership of America-based broadcast stations to 25%. News Corp., however, recently surveyed its voters and discovered that over 50% of its shareholders were based outside of the United States, so the Board of Directors immediately suspended the rights of those shareholders to vote, while keeping the economic benefits of owning News Corp. stock intact. Nothing is going well for News Corp. these days.

[Source: NYT]