FROM Carl Bernstein
Is Rupert Murdoch's Media Empire Crumbling? Rupert Murdoch's troubles in Britain are escalating fast. Since closing his mass-circulation News of the World , he's had to buy back stock to maintain value in his vast holding company, News Corporation. Today, he abandoned plans to take full ownership of the satellite broadcaster British Sky Broadcasting . The scandal over cell phone hacking and bribery by NOW has been reported for years by the Guardian, but not much by anyone else. Then, last week, the paper revealed that its editor-in-chief had warned Prime Minister David Cameron not to hire Andy Coulson, who resigned from News of the World because of the scandal.
Murdoch's Media Empire Exposed Rupert Murdoch's troubles in Britain are escalating fast. Since closing his News of the World , he's had to buy back stock in his News Corporation, to keep up its value. Today, he abandoned plans to take full ownership of British Sky Broadcasting, which the BBC calls "a huge humiliation" and "extraordinary reversal of corporate fortune." The scandal over NOW cell phone hacking and bribery has been reported for years by the Guardian, but not much by anyone else. Then, last week, the paper revealed that its editor-in-chief had warned Prime Minister David Cameron not to hire Andy Coulson, who resigned from NOW because of the scandal. How much did Murdoch know about reporters breaking the law to get juicy stories? Did his executives lie to investigators? Has News Corp violated British or American laws? What does the scandal reveal about the culture of news in Britain and in the US, where News Corp owns the New York Post , Fox News and the Wall Street Journal ?
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