SEC rules Fox can skip vote on labeling TV opinion shows [Yahoo! Finance Canada]
BIOQUAL INC (BIOQ)
NASDAQ:AMEX Investor Relations:
bioqual.com/financials-press
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Source: Yahoo! Finance Canada
By Ross Kerber (Reuters) - Media company Fox can avoid a shareholder vote on a measure asking it to consider different labels for its news and opinion shows, the top U.S. securities regulator said. The Securities and Exchange Commission wrote in a Thursday letter seen by Reuters News that it agreed with Fox's argument that the proposal from activist investors related to "ordinary business." That is one of the criteria the agency uses to judge company requests to leave investor proposals off their proxy statements. The decision marks a win for the parent of conservative-leaning Fox News Media ahead of its annual meeting, traditionally held in the fall. A Fox representative did not immediately respond to a request for comment. The proposal was filed by private investor John Chevedden and is similar to one from 2023, which was withdrawn before last year's meeting. Both cited Fox's $787.5-million settlement of a defamation lawsuit by Dominion Voting Systems over Fox's coverage
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