Street, New York.

A Swiss investment bank has advised its customers that News Corporation's Australian and British newspapers are smothering potential returns to its investors. The report declares that the company would add about U.S. $2 billion to its annual revenue if Murdoch closed the newspapers. This sum would treble the company's gross revenue, based on the 2014 results.

Shareholders have been robbed of their potential annual income entitlements just because of Murdoch's personal interest in newspapers and the power he is able to use against certain politicians and to determine his preferred election outcomes.

The phone hacking scandal in Britain and his interference in democratic government in Australia and the U.S. are bleeding the returns that properly should go to shareholders. These things have led to the denigration of hisnewspapers in Britain and Australia.

The Saudi Prince Alwaleed bin Talal, who denied before last year's shareholder meetings that he was selling his News Corporation shares, has now revealed that last year he sold his down his 40 per cent voting shares to a minimal 14 per cent holding, to maintain his arbitrage status in the company.

Murdoch is himself showing signs that he recognises that his family interests are not in newspapers any more. Publishing books and selling real estate through the internet, as well as movies and TV should allow the company to thrive without being dragged down by money-consuming newspapers that more and more people no longer want to read any more because of their political bias and inaccurate and misleading reporting.

Meanwhile, another headache for Murdoch has