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A motion for the media mogul to be ousted from his post was defeated Vote followed jump of 44 per cent in company shares Australian tycoon admitted the firm had had 'mishaps' but insisted it had 'seized the opportunity to make amends' Murdoch family owns 13 per cent of the equity in the company, but still controls 40 per cent of the voting stock Claims James Murdoch is being lined up for a top job in charge of Fox in the U.S. were not discussed Neither was the news of Rebekah Brooks' 7million 'golden goodbye'

By David Gardner

PUBLISHED: 02:47 EST, 17 October 2012 | UPDATED: 02:47 EST, 17 October 2012

Media mogul Rupert Murdoch swatted away a shareholder revolt at News Corporation's annual general meeting last night.

A motion for the 81-year-old to step down as chairman of News Internationals parent company was easily defeated in a vote at the Los Angeles meeting.

Other attempts to diminish the Murdoch familys control also failed in the wake of the companys huge 44 per cent share increase over the past year.

Powerful: The motion to remove the wealthy Australian from his post as News Corporation chairman was easily defeated

There was no mention of the 7million former News International chief Rebekah Brooks reportedly received when she resigned at the height of the phone hacking crisis in July last year.

The meeting also failed to discuss claims that James Murdoch was being lined up for a top job in charge of Fox in the U.S. despite the uproar over his handling of the scandal in Britain.

Read more from the original source:
Murdoch stamps out demands from News Corporation shareholders that he step down as media family retains control