Fox Nominates CEO of Activist Investor to Board

Wall Street Journal: 21st Century Fox has nominated to its board Jeffrey Ubben, the CEO of activist investment fund ValueAct Capital Management, part of a broader agreement in which ValueAct agreed not to launch a proxy fight or other hostile action against the company for the length of the board term, the company announced. ValueAct, a hedge fund known to be on the friendlier end of the spectrum of investor activism, disclosed in August 2014 that it had made a sizable investment in Fox.