Tue, 05/01/2012 - 14:00 EDT - NPR - National Public Radio (Business News)
Parliament issued a damning report about Rupert Murdoch on Tuesday, accusing him of misleading lawmakers about the phone hacking scandal. They also asserted that he is not fit to run his vast corporation.» E-Mail This» Add to Del.icio.us
When Rupert Murdoch appeared confused and mentally fuzzy during testimony to Parliament's culture committee last summer, some observers accused him of playing up his age to breed sympathy and avoid answering tough questions.
If it was an act, it didn't work. The committee released the findings from its inquiry into the phone-hacking scandal Tuesday, and they are anything but sparing of the 81-year-old News Corp. chairman.
Rupert Murdoch received a $30-million compensation package despite the British phone-hacking scandal. The media giant also slashed the pay of three of its four other top executives.Some members of the British Parliament questioned whether News Corp. Chief Executive Rupert Murdoch was fit to lead his sprawling media company in the aftermath of the continuing phone-hacking scandal in London. But News Corp.
There has been a "lack of effective corporate governance" at News Corp. and a culture of problems that "permeated from the top," a British Parliament committee concludes. It's scathing report follows the so-called hacking scandal in the U.K.» E-Mail This » Add to Del.icio.us
Members of Parliament are set to question News Corp.'s Rupert Murdoch, his son James and Rebekah Brooks, the former chief executive of Murdoch's U.K. newspaper arm about the phone hacking scandal that has spread from their media empire to the British prime minister's office.» E-Mail This » Add to Del.icio.us
LONDON (Reuters) - British legislators said on Thursday they hoped to publish on May 1 a long-awaited report into a phone hacking scandal centered on News Corp's now-closed News of the World tabloid. Parliament's culture committee is widely expected to criticize News Corp in the report, raising the possibility that the British broadcast watchdog Ofcom will force Rupert Murdoch's media conglomerate to cut or sell its stake in the highly profitable pay-TV firm BSkyB [ID:nL6E8FC3ZT]. ...
LONDON (Reuters) - A British parliamentary report into a phone hacking scandal may lead eventually to News Corp being forced into cutting or selling its stake in the highly profitable pay-TV firm BSkyB, having already dropped its bid to buy it outright last year. Parliament's culture committee is widely expected to criticize News Corp in its long-awaited report, raising the possibility that the British broadcast watchdog Ofcom will take action against Rupert Murdoch's media conglomerate. ...
A British court published a report Tuesday saying media tycoon Rupert Murdoch was "not a fit person" to run his company and guilty of "willful blindness" in a phone-hacking scandal that brought down his News of the World tabloid.