http://www.guardian.co.uk/media/2013/may/08/rupert-murdoch-news-corporation

Rupert Murdoch must step down as News Corporation chair – shareholders
Christian Brothers Investment Services demands action to 'dramatically revise corporate governance practices'
...
The proposal was introduced by Christian Brothers Investment Services (CBIS), which manages $4.6bn for Catholic institutions worldwide
...

will the corporate governance practices be changed?
and if so, will it result in fox news moving slightly towards truth?

I doubt they will even have the swing to oust murdoch.