Billionaire mogul Rupert Murdoch‘s plan to split his giant media conglomerate News Corp. into two independent publicly traded companies began to take shape Monday, after the company announced a flurry of management and organizational changes ahead of the breakup. The moves are further evidence of Murdoch’s plan to focus on entertainment assets — he’s making a big push into regional U.S. sports television ahead of a possible national Fox sports network — as News Corp.
LONDON (AP) — News Corp. chief Rupert Murdoch must take responsibility for serious failings that caused Britain’s tabloid phone hacking scandal, lawmakers said Tuesday in a scathing report — as a narrow majority also insisted the tycoon was unfit to lead his global media empire.
By Manny Backus:
While enjoying a nice slice of pizza I realized that something good can come from that ghastly scandal which tore apart Rupert Murdoch's British publishing empire. Of course I'm talking about the best possible outcome: a profit!
Pearls From Swine
The shock waves from the phone-hacking scandal are still rocking Rupert Murdoch's media empire.
Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe.But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News Corp. without newspapers -- or at least no British dailies.