Just a day after saying in a newspaper interview that News Corp. had made only “minor mistakes,” Murdoch signed an apology to run in Britain’s national newspapers for “serious wrongdoing” by the News of the World, which shut down last week amid allegations of large-scale illegal hacking by its staff.
The House of Commons committee on Culture, Media and Sport has asked Murdoch to appear next week with his son James and Rebekah Brooks, the chief executive of News International, the News Corp. unit which controls the company’s British newspapers. Yesterday, Deputy Prime Minister Nick Clegg urged Murdoch to appear even though it was unclear whether the committee could compel attendance by Murdoch, who is a U.S. citizen.
Prime Minister David Cameron’s office said the government would vote with the opposition Labour Party on Wednesday to support a motion calling on Rupert Murdoch and his News Corp. to withdraw the $12 billion bid for highly profitable satellite broadcaster BSkyB.
Line-skirting has always been part of doing business for Rupert Murdoch, but the widening voice-mail hacking scandal at the British tabloid News of the World threatens to stain the company’s image in a way that other embarrassing incidents at News Corp.’s far-flung media properties — which also include the Fox networks and the New York Post — have not.
News Corp. shareholders Amalgamated Bank and the Central Laborers Pension Fund filed suit against Rupert Murdoch and his company Wednesday, claiming that a deal to purchase Elisabeth Murdoch’s production company for $675 million is driven by nepotism and not the interests of investors.
The British television production company founded by News Corp. chief’ Rupert Murdoch’s daughter Elisabeth, is being purchased by her father’s company for £415 million ($673.3 million).
News Corp. is reportedly in the final days of discussion about acquiring Shine Group, the independent television production company—now one of the largest in the world—42-year-old Elisabeth Murdoch founded after she left News Corp. during a spat with her father more than a decade ago.
Rupert Murdoch today unveiled The Daily, a news app that he hoped would put his News Corp. front and center in the digital newsstand of the near future. “New times demand new journalism,” he said.
The mogul is trying to bring daughter Elisabeth back to News Corp. with a deal to purchase her production company, Shine Group. Here’s a look at Rupert’s “master plan” for keeping the media empire in the family.