Rupert Murdoch’s global media empire is under siege, with its future viability in doubt, as new allegations of illegal activity at his U.K. newspapers arise daily.
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.
A British phone-hacking scandal and the resulting scrutiny are taking a toll on Rupert Murdoch’s media empire, threatening plans for expansion, people including former News Corporation executives say.
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.
Rebekah Brooks, Rupert Murdoch’s most senior newspaper executive in Britain and close confidante, quit News Corp on Friday over a phone hacking scandal that has rocked 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.