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All eyes on Murdoch at annual meeting

Analysts believe that the gathering will be told that film earnings have slid while cable and televi

Rupert Murdoch's speech at the company's annual shareholder meeting in New York later today is being eagerly watched following News Corp's bid to take over British pay TV operator BSkyB and its attempts to charge for online news.

The meeting is scheduled to witness two shareholder motions. One will be on executive pay and succession planning and the other on human rights.

Analysts believe that the gathering will be told that film earnings have slid while cable and television were stable.

Murdoch is reported to have told shareholders in a letter that the transformation the media is going through worldwide offers opportunities to shift from an advertising-based revenue model to a subscription-led one.

Earlier, the British media companies ganged up against News Corp's planned takeover of Sky claiming that the move would kill plurality in the UK's media landscape.