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And the future for News International??

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Re: And the future for News International??

Post  widowan on Mon 11 Jul - 21:37

News Corp is being sued by a group of shareholders who allege that a failure of corporate governance is behind the phone-hacking scandal engulfing Rupert Murdoch's media company

and rightly so... it's obvious this is far reaching and from top down and was not one or two rogue reporters but being done by all of them.

Now, what are the chances that the breaking up of the empire will be done to address this - if it was done only by NOTW they might get away with it but if this was the strategy across Murdoch papers, that is a very different thing.

Even if it was confined to NOTW risk mitigation will lead them to consider how best to minimize their financial exposure. Can they close NOTW and thus avoid the lawsuits sure to pour in against that paper? After all if you simply shut it down and transfer its assets and most of the writers and such to other papers you have no legal entity left to sue. you have all the assets you did have before apart from the good will of the NOTW readers however that appears to be lost anyhow! - so they could limit their risk to lawsuit by shutting down, these families have to sue NewsCorp or News Int. or some higher holding company, not the paper that has been put out of business, but I smell a rat in shutting this down, it wasn't done just to assuage the pubilc outrage because the public outrage is going to spread to all of the Murdoch media holdings.

And when the shareholders - which will be pension funds and money amarket funds - see the stock prices dropping THEY will sue and will cause those who were in charge to be not just rotated, but forced to retire, or made redundant or some other euphemism for sacked. James Murdoch as well as Rebekah must go. Maybe the SEC will get involved and break this up - they could get a lot of money from that for the shareholders if there were competition rather than a monopoly...



Last edited by widowan on Mon 11 Jul - 21:47; edited 2 times in total

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Re: And the future for News International??

Post  Panda on Mon 11 Jul - 21:39

That was a cruel thing to do, really gutter press

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Re: And the future for News International??

Post  widowan on Mon 11 Jul - 21:44

What? Putting the photo of Brown - is that his baby that died? How horrible, why would they put this up now?

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Re: And the future for News International??

Post  Panda on Mon 11 Jul - 22:00

widowan wrote:What? Putting the photo of Brown - is that his baby that died? How horrible, why would they put this up now?

I would imagine it is playing Politics, Miliband, the Labour Leader is gainig Kudos for gaining public approval for his demand that the bskyb offer not proceed until this hacking had been thoroughly investigated. Gordon Brown, to emphasise the Labour moral high ground stance "leaks this story.
Both completely forget that the Labour Government was in power for 13 years and oversaw the 2003 and 2007 investigation yet none of the hackings
were revealed then.

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Re: And the future for News International??

Post  widowan on Mon 11 Jul - 22:32

I'm sure everyone was fine with the hacking when the papers supported THEM.

Now they have a perfect chance to pounce on Murdoch - and punish him for defecting and declaring Labour was finished. It was the Sun wot won it etc. Well, even if it wasn't the Sun that did much of anything but get on the winning side and defect from Labour so they could avoid being tarred with the brush of the common man's disaffection for that party, they did betray their Labour cronies and now must pay.

And there is nowhere for the Tories to go but away from Murdoch as well, ther is nothing to like or admire about these papers and now they have them dead to rights on the most disgraceful behavior possible... I hope they do break this consortium apart. it would breathe life into the British press situation or at least open the window a crack and let some air in.

The whole David Cameron - Matthew Freud - Murdoch thing really stinks, it is funny because of course while the people involved at a senior level have financial interests and background much more aligned with the Tories the rich and incredibly entitled do not create the majority of red top readers, so they have to write stories for the common man and then sit back and count their money and talk about how much fun we had in private school together as lads.

There really is no good place to stand for politicians except as far from this stink bomb as they can, will both parties help each other neuter this overpowerful press conglomerate or will they bash away at each other and miss the opportunity to wrestle control and powre away from Murdoch?

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Re: And the future for News International??

Post  Carolina on Mon 11 Jul - 23:43

One of the comments in the Guardian, in regard to if things could get worse after the revelations by Gordon Brown, was that maybe the papers knew that Madeleine McCann was dead but hid it so that they could continue selling newspapers with stories of the neverending search.

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Re: And the future for News International??

Post  meg on Mon 11 Jul - 23:58

IMO the decision for SY to review the case is damage limitation by the Government

For whatever reason - whether it be networks, something sinister or a VIP Tapas 10 - imo the McCanns have been protected

That protection imo is gone and the Government got in first with their review to try and prove impartiality

It's currently every man/woman for himself and there are going to be casualties, here's hoping the McCanns are one of them

If NOTW and Murdochs other papers have been hacking to the extent predicted there's a lot more to come out

The whole situation of how intertwinned and spineless they all are is insulting to the electorate

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 0:14

meg wrote:IMO the decision for SY to review the case is damage limitation by the Government

For whatever reason - whether it be networks, something sinister or a VIP Tapas 10 - imo the McCanns have been protected

That protection imo is gone and the Government got in first with their review to try and prove impartiality

It's currently every man/woman for himself and there are going to be casualties, here's hoping the McCanns are one of them

If NOTW and Murdochs other papers have been hacking to the extent predicted there's a lot more to come out

The whole situation of how intertwinned and spineless they all are is insulting to the electorate

Yes Meg, I bet the McCanns are wondering if there is anything incriminating recorded in their hacked phone calls. It just shows the corruption going on behind the scenes, unbelieveable that the Times too should be guilty. What trust can anybody put in Government any more, how do we know that
what we read in the papers is true? I think we accepted that the red tops used poetic Licence but The Times and Telegraph we assumed were more
truthful.

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Re: And the future for News International??

Post  meg on Tue 12 Jul - 0:34

i've been advised for years by a very astute friend of mine to never believe anything i read unless there is
corrobarating evidence as there is usually an agenda

i believe there are many genuine journalists out there but the majority of them have their hands tied

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 0:40

meg wrote:i've been advised for years by a very astute friend of mine to never believe anything i read unless there is
corrobarating evidence as there is usually an agenda

i believe there are many genuine journalists out there but the majority of them have their hands tied

It took two fearless Journalists to bring down Nixon , yet after 4 years and all the evidence needed that Madeleiene is no longer alive and the fund is
a Fraud, where are Britain"s intrepid Journalists ?

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Re: And the future for News International??

Post  Annabel on Tue 12 Jul - 5:49

MEDIA CORRUPTION:
Politics, Police, Power.


http://stuartsyvret.blogspot.com/2011/07/media-corruption.html

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Re: And the future for News International??

Post  whatsupdoc on Tue 12 Jul - 6:52

Annabel wrote:MEDIA CORRUPTION:
Politics, Police, Power.


http://stuartsyvret.blogspot.com/2011/07/media-corruption.html

Too long and flowery for me, sorry.

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 7:28

whatsupdoc wrote:
Annabel wrote:MEDIA CORRUPTION:
Politics, Police, Power.


http://stuartsyvret.blogspot.com/2011/07/media-corruption.html

Too long and flowery for me, sorry.

Great minds think alike whatsupdoc!!!! I lived in Jersey for several years and it is very parochial. Syvret is the guy who instigated the publicity that
Haute de la Garenne , a children"s Home was a hotbed of pedophilia and dead bodies were hidden in the Cellars. An extensive search was made but
nothing found, he may have been right ,but has been "ostrasized" since by Political colleagues for the bad publicity and expense he caused.

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 7:32

Police Attack News International For 'Leak'






7:54pm UK, Monday July 11, 2011
Scotland Yard has accused News International of leaking details about
alleged payments to corrupt police officers to divert attention from phone
hacking.











It comes after a report in the London Evening Standard claimed the News Of
The World (NOTW) paid corrupt officers for personal details about the Queen and
other senior royals.
Scotland Yard was reportedly informed of the development last month when they
were handed a fresh set of documents from News International as part of the
long-running hacking probe.
The Met responded to the story with an attack on News International - owner
of the NOTW - in which it said the leak demonstrated a "deliberate campaign" to
"divert attention from elsewhere".
It said in a statement: "It is our belief that information that has appeared
in the media today is part of a deliberate campaign to undermine the
investigation into the alleged payments by corrupt journalists to corrupt police
officers and divert attention from elsewhere.
"At various meetings over the last few weeks information was shared with us
by News International and their legal representatives and it was agreed by all
parties that this information would be kept confidential so that we could pursue
various lines of inquiry, identify those responsible without alerting them and
secure best evidence.


Milly Dowler's Relatives Meet Nick Clegg










"However we are extremely concerned and disappointed that the continuous
release of selected information - that is only known by a small number of people
- could have a significant impact on the corruption investigation."
The latest blow to News International comes after the family of alleged phone
hacking victim, murdered schoolgirl Milly Dowler, called for Rebekah Brooks to
quit over the scandal.
Bob and Sally Dowler are suing the NOTW following claims their daughter's
mobile phone voicemails were targeted when she went missing in 2002.
They confirmed they had not received an apology from the Murdochs.
The Dowlers said that messages allegedly being deleted from the 13-year-old's
phone gave them false hope that she was still alive.
Mrs Dowler and Milly's sister Gemma were among 13 victims and campaigners who
met Deputy Prime Minister Nick Clegg earlier to call for a comprehensive inquiry
to be carried out.
They said they want "stronger, clearer and faster action" from the Government
over the scandal.



Milly was murdered by Levi Bellfield in 2002


In a statement following the meeting, the Dowlers' lawyer Mark Lewis said the
family believe Mrs Brooks, chief executive of News International (NI), "should
take responsibility and do the honourable thing and resign".
He added: "They don't see why she should stay in the job. They see this as
something that went right to the top."
Mrs Brooks was the editor of the newspaper in 2002 when the hacking is
claimed to have taken place.
Mr Lewis said Surrey Police were aware at the time of what was happening but
the Dowlers only found out in April 2011, as they prepared for Levi Bellfield's
trial for the teenager's kidnap and murder.
He added Sally and Gemma Dowler believed the meeting with Mr Clegg had been
"constructive" and that it was clear he had a "genuine desire for change".
But he said his clients had not received an apology from either Rupert
Murdoch, News Corp chairman and chief executive, or his son James, who is the
European chief executive of NI.


BSkyB Group Share Price 1-Week Chart




Speaking afterwards, Mr Clegg called on Rupert Murdoch to
reconsider his bid for BSkyB.

He said: "Listening to Bob, Sally and Gemma Dowler, it reminds you that it is
innocent families like them who have paid a very heavy price for truly grotesque
journalistic practices, which are simply beneath contempt.
"We owe it to the Dowlers and other innocent victims of hacking to get these
inquiries right, to make sure they are really strong, they can get to the bottom
of what happened and make sure it never happens again."
An NI source told Sky News Rebekah Brooks has volunteered to speak to police
over the wider phone hacking scandal.


THE WEEK THAT CLOSED THE NEWS OF THE WORLD










The allegation that Milly's phone was among those targeted by the newspaper
kicked off a wave of public outrage, which led to the paper's closure and its final issue being
published on Sunday.

It has also been claimed that families of terror victims had their messages
hacked.
Downing Street said talks will be held between the Media Standards Trust and
Prime Minister David Cameron later this week.
The Trust, which has led a major campaign on the issue and has organised the
meetings, said it was also arranging a session with Labour leader Ed
Miliband.
Mr Cameron has announced that a judge-led inquiry will be held into the
scandal.
It is thought the Trust, which led the Hacked Off campaign for a public
inquiry, is keen to be able to address its concerns separately with the three
main party leaders.
Others attending the talks with Mr Clegg included former Scotland Yard deputy
assistant commissioner Brian Paddick, phone hacking victim Nicola Phillips and
solicitor Mark Lewis - who represents the Dowlers and other hacking victims.
Meanwhile, the Daily Mirror has reported that NOTW investigators tried to
hack into the voicemails of the British victims of 9/11.
A former New York police officer claims he was approached by journalists who
said they would pay him to retrieve private phone records.

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Re: And the future for News International??

Post  Guest on Tue 12 Jul - 12:21

@BBCLauraK

Outside this tense cttee room, Credit-Suisse this morning says it believes BskyB deal is effectively dead - only 10 pc chance
6 minutes ago via Twitter for BlackBerry®

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Re: And the future for News International??

Post  docmac on Tue 12 Jul - 12:29

Panda wrote:
whatsupdoc wrote:
Annabel wrote:MEDIA CORRUPTION:
Politics, Police, Power.


http://stuartsyvret.blogspot.com/2011/07/media-corruption.html

Too long and flowery for me, sorry.

Great minds think alike whatsupdoc!!!! I lived in Jersey for several years and it is very parochial. Syvret is the guy who instigated the publicity that
Haute de la Garenne , a children"s Home was a hotbed of pedophilia and dead bodies were hidden in the Cellars. An extensive search was made but
nothing found
, he may have been right ,but has been "ostrasized" since by Political colleagues for the bad publicity and expense he caused.
Cadaver odour was found, by an infallible dog (imo). That's good enough for me.

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 12:48

docmac wrote:
Panda wrote:
whatsupdoc wrote:
Annabel wrote:MEDIA CORRUPTION:
Politics, Police, Power.


http://stuartsyvret.blogspot.com/2011/07/media-corruption.html

Too long and flowery for me, sorry.

Great minds think alike whatsupdoc!!!! I lived in Jersey for several years and it is very parochial. Syvret is the guy who instigated the publicity that
Haute de la Garenne , a children"s Home was a hotbed of pedophilia and dead bodies were hidden in the Cellars. An extensive search was made but
nothing found
, he may have been right ,but has been "ostrasized" since by Political colleagues for the bad publicity and expense he caused.
Cadaver odour was found, by an infallible dog (imo). That's good enough for me.

Sorry docmac, I have several friends in Jersey and two Sons so I go there every Year. There was no cadaver odour, what was thought to be a human bone turned out to be a shell or something similar. If you have reliable evidence of cadavar odour I would like to see it.

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Re: And the future for News International??

Post  Badboy on Tue 12 Jul - 14:13

SHARES OF NEWS INTERNATIONAL OR NEWS CORP HAVE DROPPED BY 17 BILLION DOLLARS IN VALUE

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 14:23

Badboy wrote:SHARES OF NEWS INTERNATIONAL OR NEWS CORP HAVE DROPPED BY 17 BILLION DOLLARS IN VALUE

Hi badboy, I think it"s 7 billion Dollars over the last 4 days.

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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 15:19

Brooks And Murdochs May Be Quizzed By MPs





Rebekah Brooks, Rupert Murdoch and his son James have been called to appear
before a committee of MPs over the phone hacking scandal.











The News International (NI) chief executive, her News Corporation boss and
his son, the NI chairman, could be questioned in Westminster next Tuesday.
MPs on the Culture, Media and Sport select committee want to ask Mrs Brooks
about her knowledge of alleged payments to police, Labour politician Tom Watson
said.
The committee also wants to quiz James Murdoch on his involvement "in
authorising payments to silence" the Professional Footballers' Association boss
Gordon Taylor after his phone was hacked, Mr Watson said.
The MP added that News Corp chairman Rupert Murdoch owes the family of
murdered schoolgirl Milly Dowler an apology after the News Of The World (NOTW)
allegedly hacked her mobile after she was abducted.
A NI spokesperson said: "We have been made aware of the request from the CMS
Committee to interview senior executives and will cooperate. We await the formal
invitation."



(L-R) Rebekah Brooks, Rupert Murdoch and James Murdoch


Meanwhile, the officer leading the current Metropolitan Police investigation
into phone hacking has appeared before a separate committee of MPs.
Deputy Assistant Commissioner Sue Akers, in charge of Operation Weeting, said
officers had contacted around 170 people so far who may have had their phones
hacked.
Almost 4,000 could have been targeted, she added.
The Home Affairs Select Committee also quizzed three other people - two
former officers who headed the original 2006 inquiry, Peter Clarke and Andy
Hayman, and Assistant Commissioner John Yates who decided not to re-open the
investigation in 2009.
They were appearing to answer questions about why it took years for the full
extent of the phone hacking scandal involving NOTW to come to light.
Mr
Yates
hit back at MPs' criticism of him, saying demands that he resign
were "unfair".
He assessed the first inquiry into the practice for several hours in 2009,
but ruled there was nothing further worth acting upon.
Since then, allegations that murder victim Milly Dowler, relatives of people killed in 7/7 and soldiers serving in
Afghanistan
were targeted have emerged.
Mr Yates suggested the NOTW "failed to co-operate" with police until the
start of this year and laid the blame at the paper's door.
Asked by committee chairman Keith Vaz whether he had offered to stand down
from his job, the senior officer said: "No, I haven't offered to resign.
"And if you're suggesting that I should resign for what NOTW has done and my
very small part in it, I think that's probably unfair."
He expressed regret at his ruling two years ago that there was no need to
re-open the 2006 investigation, where the NOTW's ex-royal editor Clive Goodman
and private investigator Glenn Mulcaire were jailed over phone hacking.
But Mr Yates insisted he had always told the truth to the committee.
And he said the Sunday tabloid "only recently provided information and
evidence that clearly would have had a significant impact on the decision I took
in 2009 had it been provided to us then".
Labour's Mr Vaz said his evidence had been "unconvincing". He told him:
"There are more questions to be asked about what happened when you conducted
this review.
"So you may well be hearing from us again. Please do not regard this as an
end of the matter

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as above

Post  halfamo on Tue 12 Jul - 16:08

Hopefully there is,nt one no news organisation should have the sort of power NI has had over a UK goverments policy .

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Re: And the future for News International??

Post  kitti on Tue 12 Jul - 16:15

Bones and teeth were found in jersey.


It would off been the biggest case off child abuse in history if it hadn't off been hushed up and flushed under the carpet.

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Re: And the future for News International??

Post  Guest on Tue 12 Jul - 16:41


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Re: And the future for News International??

Post  Guest on Tue 12 Jul - 16:44


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Re: And the future for News International??

Post  Panda on Tue 12 Jul - 16:49

carmen wrote:

Hi Carmen, who is Andy Hayman, is he a likely suspect?

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Re: And the future for News International??

Post  Sponsored content Today at 9:53


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