DeLaWho? DeLaWhat? DeLaWhere?

The leader in the field of misleading and spin doctoring is "making a big move" from the comforts of Australia to the small wonder of Delaware. Thats right, the News Corp who owns FOX News is "moving" to DE. Heres the story from The Australian...

Adelaide gives Murdoch another victory: Delaware
Geoff Elliott and Jane Schulze
October 27, 2004

RUPERT Murdoch's victories started in Adelaide. Yesterday he secured another one.

Shareholders in The News Corporation Ltd (publisher of The Australian) voted overwhelmingly to endorse the final act in five decades of expansion: to shift the company's domicile from the South Australian capital to the US state of Delaware.

"For 50 years Adelaide has been our home," Mr Murdoch told the 700 shareholders who gathered in the ballroom of the Hilton Hotel to vote on the move. "It's where I got my start, and where this company got its start. Our very first annual meeting was held five blocks from here, up on the North Terrace in the small boardroom of the old Adelaide News.

"I think 10 stalwarts, including me, were at that first meeting. We didn't serve tea or biscuits and I think the meeting lasted less than 10 minutes ... I think I'm right in saying the single biggest jump in attendance came the year we introduced free drinks."

Watched from the audience yesterday by daughter Prue and sister Janet Calvert-Jones, and flanked by son and fellow board member Lachlan, Mr Murdoch spent 3 1/4 hours fielding questions about the company's move to a country from which News now sources 75 per cent of its $US21 billion ($28billion) in annual revenues.

Mr Murdoch had been confident about the result of yesterday's vote but shored up his position in the past few weeks with constitutional changes to appease some institutional investor concern about their protection once the company was incorporated in Delaware. Satisfied, institutional investors sent in their proxy votes on the four resolutions put to share and option holders yesterday.