Murdoch Sr.: “This country does benefit greatly from having a competitive press.”
More on Rupert Murdoch possibly stepping down: The CEO of News Corp. may leave his post based on his performance tomorrow in front of the British Parliament. Chase Carey, above (impressive ‘stache, eh?), would be his likely replacement. This would be a slight to Murdoch’s own son James, by the way. It would be a staggering fall for the self-made media mogul, to put it lightly. (EDIT: There are conflicting reports.)
Rupert Murdoch may step down as CEO: At least that’s what CNBC is saying. Developing … (EDIT: Please see update.)
Damn. (thanks to all who sent this in)
Update: Now it’s just down. An interesting day in Sun-ville.
Right now, police are saying that Sean Hoare’s death isn’t suspicious. And that’s understandable, because he did have problems with alcohol and drugs — so Hoare’s death could easily be related to substance abuse. However, this phone-hacking scandal has gone far and brought down a lot of people — it’s hard not to wonder “What if?” Hoare was one of the first people to implicate Andy Coulson, the former News of the World editor and communications director for PM David Cameron, in the scandal, leading to the current chain of events that include NotW’s closure and Coulson’s arrest. source
After the past week, that assertion has been reduced to tatters, torn apart by a spectacular avalanche of contradictory evidence, admissions by News International executives that hacking was more widespread, and a reversal by police officials who now admit to mishandling the case.New York Times reporter Don Van Natta Jr. • Discussing the News of the World phone-hacking case in a piece that suggests that Scotland Yard had played a role in keeping evidence of hacking under wraps. “At best, former Scotland Yard senior officers acknowledged in interviews, the police have been lazy, incompetent and too cozy with the people they should have regarded as suspects,” the article continues. “At worst, they said, some officers might be guilty of crimes themselves.” Maaaan, this is getting messy. source (via • follow)
Joe Nocera attacks the WSJ today:
Within five months, Murdoch had fired the editor and installed his close friend Robert Thomson, fresh from a stint Fox-ifying The Times of London. The new publisher was Leslie Hinton, former boss of the division that published…
Remember guys, double-checking your facts means checking social media, too.
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Rebekah Brooks resigns as News International chief: That’s a head rolling, guys. The Telegraph has Brooks’ resignation letter, which includes this line which should give you an idea of where she stands in this mess: “As you can imagine recent times have been tough. I now need to concentrate on correcting the distortions and rebutting the allegations about my record as a journalist, an editor and executive.” In other words … she’s gone, but she’s not exactly apologizing.
Their appearances required a little bit of arm-twisting. Rebekah Brooks, the editor of News of the World during the phone hacking scandal will be with them, too. They’ll be questioned on the situation and will have to offer up evidence. Originally Murdoch and his son weren’t going to attend, but only decided to after facing enormous pressure from government officials. The hearing is set for next Tuesday, and it really doesn’t seem like any of this will turn out well for News Corp. In other news — the FBI will investigate News Corp. to see whether the phones of 9/11 victims were possibly hacked by British tabloids. Which would bring this to a whole new level of messed-up. source
We believed that the proposed acquisition of BSkyB by News Corporation would benefit both companies but it has become clear that it is too difficult to progress in this climate.News Corp. chairman Chase Carey • Explaining why the company chose to drop out of the coveted BSkyB deal which they had been gunning for for a while. However, this mess with News of the World happened, and here we are. Right now, the company’s problems center on the United Kingdom, but Sen. Jay Rockefeller is threatening to give them some increased stateside scrutiny. This could be bad. source (via • follow)
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