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75Confidential | For Discussion Purposes SpringOwl's 99 Page Presentation On Turning Around Viacom

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75Confidential | For Discussion Purposes Only | 75
When Media Boards Bring On Strong Independent
Directors, It Benefits The Stock
Fox Recently Nominated ValueAct’s Jeff Ubben to Their Board on September 30th, 2015:
"Jeff will bring to our board a great perspective as a global investor and a shared belief in
building long-term value for shareholders," Executive Co-Chairmen Rupert Murdoch and
Lachlan Murdoch stated. 1
The Market Responded the Day of the News by Boosting Fox Shares 4.6% on a Day Where the S&P 500 Was up 2.3%
Image: Google Finance
Source: 1. http://www.businesswire.com/news/home/20150929006037/en/21st‐Century‐Fox‐
Nominates‐Jeffrey‐W.‐Ubben ; SpringOwl Asset Management LLC

Published in: Business
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