In contrast to her brother, who used his 2009 speech to lambast the BBC, Elisabeth Murdoch reiterated her support for the corporation and its licence fee and praised the "vision and leadership" of outgoing Director-General Mark Thompson.
Yet she cautioned that his successor, George Entwistle, must show how "efficiently" the BBC spent its money.
She also had firm praise for her father, Rupert, who she said "had the vision, the will and the sense of purpose to challenge the old world order on behalf of 'the people"'.
More top news
David Cameron will stand down as Conservative leader ahead of the general election expected in 2020, Iain Duncan Smith said.
Delegates at the SNP spring conference have backed a move to allow all-female shortlists in the Scottish Parliament election next year.
Michael Clarke ended his one-day international career by leading Australia to a simple World Cup final win over New Zealand.