Is this Armageddon for Murdoch and NewsCorp?
+29
wjk
tanszi
chrissie
AnnaEsse
Annabel
kitti
mara thon
Lillyofthevalley
Justiceforallkids
Chris
tigger
fred
margaret
Wintabells
Angelique
buildersbum
halfamo
Hammy
widowan
Carolina
maebee
SyFy
the slave
almostgothic
pennylane
MaryB
Wallflower
whatsupdoc
Oldartform
33 posters
Page 28 of 39
Page 28 of 39 • 1 ... 15 ... 27, 28, 29 ... 33 ... 39
Re: Is this Armageddon for Murdoch and NewsCorp?
AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
Re: Is this Armageddon for Murdoch and NewsCorp?
yes and denied maddie dignity imo and justiceAnnaEsse wrote:Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
Justiceforallkids- Platinum Poster
-
Number of posts : 5102
Age : 45
Location : tasmania australia
Warning :
Registration date : 2009-08-20
Re: Is this Armageddon for Murdoch and NewsCorp?
Justiceforallkids wrote:yes and denied maddie dignity imo and justiceAnnaEsse wrote:Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
I'm waiting for Karma to bite their bums now!
Re: Is this Armageddon for Murdoch and NewsCorp?
AnnaEsse wrote:Justiceforallkids wrote:yes and denied maddie dignity imo and justiceAnnaEsse wrote:Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
I'm waiting for Karma to bite their bums now!
trust murdoch to bolt when it gets rough!!!
Justiceforallkids- Platinum Poster
-
Number of posts : 5102
Age : 45
Location : tasmania australia
Warning :
Registration date : 2009-08-20
Re: Is this Armageddon for Murdoch and NewsCorp?
AnnaEsse wrote:Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
That has all been discussed....now we are coming to the Brooks trial, I have moved topics when you have asked so why the favouratism???
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Panda wrote:AnnaEsse wrote:Panda wrote:AnnaEsse wrote:Murdoch appears to have thrown her under the bus!
Anna , any chance of moving this to the Armageddon thread, it is the right place for it to avoid diplication of News and JFAK should know by now, it is
nothing to do with Madeleine.
Thanks,
Panda, I'll leave it here, at least for the moment, because Murdoch and Brookes did so much for the McCanns.
That has all been discussed....now we are coming to the Brooks trial, I have moved topics when you have asked so why the favouratism???
No favouritism, Panda, just leaving this where more people will read it.
ETA: I'll merge it in a couple of hours with the Armageddon thread.
Re: Is this Armageddon for Murdoch and NewsCorp?
News Corp.’s Murdoch Said to Consider Splitting Company
By Anthony Palazzo - Jun 26, 2012 7:42 AM GMT+0100
.
..
Rupert Murdoch is considering splitting his News Corp. (NWSA) media company into two, one focusing on publishing and the other entertainment, according to two people familiar with the situation.
Murdoch, who is chairman and chief executive officer of News Corp., is overseeing internal discussions on whether to separate the New York-based company’s businesses, said the people, who sought anonymity because a decision isn’t final. The talks are at a late stage, one of the people said.
News Corp. shareholders have advocated for a breakup to separate the larger film and television operation from newspaper publishing. Photographer: Victor J. Blue/Bloomberg
June 26 (Bloomberg) -- News Corp. is considering separating its entertainment and publishing operations, the Wall Street Journal reports, citing people familiar with the matter. (Source: Bloomberg)
Enlarge image
Charles "Chase" Carey, deputy chairman, president and chief operating officer of News Corp. Photographer: Jonathan Alcorn/Bloomberg
.
News Corp. shareholders have advocated for a breakup to separate the larger film and television operation from newspaper publishing, which has been hurt by slow industry growth and a scandal in the U.K. Chief Operating Officer Chase Carey said in February that executives discussed a breakup following inquiries into hacking and bribery at the company’s U.K. newspapers, a controversy that sank its bid for satellite broadcaster British Sky Broadcasting Group Plc. (BSY)
“Those that want the higher growth of the broadcast business and have it able to chase new markets will pay a premium for that,” said Peter Esho, the Sydney-based chief market analyst at City Index Ltd. “This is also a good way to quarantine the rest of the business from the recent issues in the U.K. when publishing is a small part of the business.”
Shares (NWS) of News Corp. gained 2.4 percent to close at A$20.79 in Sydney trading. The Nasdaq-listed Class A shares fell 1.4 percent yesterday and have climbed 13 percent this year.
A News Corp. official declined to comment today.
Wider Margins
Publishing, which includes the Times in London, New York Post and Australian newspaper, contributed about 18 percent of News Corp.’s operating income in the 2011 financial year, according to data compiled by Bloomberg. Cable network programming generated 57 percent of earnings alone.
For the nine months ended March 31, News Corp.’s publishing unit generated operating income of $458 million, or less than 8 percent of its sales, according to the company’s earnings report in May. The cable networks, film and television units accounted for a combined $4 billion in profit, more than 25 percent of their $15.9 billion in revenue.
The Murdoch family would retain control of both companies, News Corp.’s Wall Street Journal reported earlier. The Los Angeles-based Twentieth Century Fox film and television studios, the Fox broadcast network and Fox News would form the bulk of the entertainment company, the Journal said, citing people familiar with the situation.
Faster Growth
“There certainly is an awareness” that News Corp. would trade at higher multiples if it didn’t own newspapers, Carey said on a February conference call.
Murdoch has been increasing his focus on faster-growing broadcast assets as falling circulation and a shift in advertising to online outlets crimps earnings from newspapers.
News Corp. last week offered A$2 billion ($2 billion) for Consolidated Media Holdings Ltd. (CMJ) to double its stake in Australia’s biggest pay-television network while cutting jobs at the nation’s biggest newspaper business.
Murdoch, who started his global empire with a single Australian newspaper, is following a path in the land of his birth already adopted in the U.K. and U.S., where pay-TV assets have outgrown News Corp.’s newspaper divisions.
Bloomberg LP, the parent of Bloomberg News, competes with News Corp. units in providing financial news and information.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
The split between Murdochs Empire will be Publishing / Entertainment. The Publishing arm, mainly London Papers and Australia, accounts for 25% of
profit while the Entertainment arm is 75%.
The hacking scandal in the U.K. has cost Newscorp millions of pounds and is not over yet. and is believed to be the reason for the downturn in sales of
U.K. Papers, plus the fact that more Papers are now on-line.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
(CNN) -- The board of News Corp. has agreed to split the conglomerate into two pieces, with one company encompassing its television and film assets and the other holding its publishing entities, according to The Wall Street Journal, which is owned by News Corp.
The split is expected to be formally announced Thursday, a person familiar with the situation told the Journal.
The move would separate the 20th Century Fox film studio, Fox broadcast network and Fox News Channel from newspapers and book publishing, according to The New York Times and The Wall Street Journal, in which the proposal was first reported.
News Corp.'s publishing unit includes newspapers such as The Times of London and The New York Post. Its book publishing assets include HarperCollins.
Rupert Murdoch in a buying mood
Rupert Murdoch: 'I was not aware' News Corp. is controlled by media magnate Rupert Murdoch. He has been grappling in recent months with criminal investigations into his company over allegations of hacking into people's phones and improper collusion with British police. The scandal prompted News Corp. to shut down its venerable old British tabloid News of the World last year.
A report last month from a British Parliament committee said that Murdoch was not a "fit person to exercise the stewardship of a major international company."
News Corp. said Wednesday night it would have no comment on The Wall Street Journal's report.
The split is expected to be formally announced Thursday, a person familiar with the situation told the Journal.
The move would separate the 20th Century Fox film studio, Fox broadcast network and Fox News Channel from newspapers and book publishing, according to The New York Times and The Wall Street Journal, in which the proposal was first reported.
News Corp.'s publishing unit includes newspapers such as The Times of London and The New York Post. Its book publishing assets include HarperCollins.
Rupert Murdoch in a buying mood
Rupert Murdoch: 'I was not aware' News Corp. is controlled by media magnate Rupert Murdoch. He has been grappling in recent months with criminal investigations into his company over allegations of hacking into people's phones and improper collusion with British police. The scandal prompted News Corp. to shut down its venerable old British tabloid News of the World last year.
A report last month from a British Parliament committee said that Murdoch was not a "fit person to exercise the stewardship of a major international company."
News Corp. said Wednesday night it would have no comment on The Wall Street Journal's report.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Could this have something to do with the up-coming Trial of so many News International Staff ?????
It.s possible Murdoch in the U.S.A. if not Britain, will be regarded as unfit to own UI.K. Companies . When the announcement was made on T.V.
yesterday shares in Newscorp increased substantially . The Murdochs will still retain a majority shareholding after the split.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Rupert Murdoch was interviewed today, said it would take a few months to dismantle the Publications from the Media but he would still be Chairman
of both and the CEO of Media, the CEO position for the Publishing will be decided later. He was very scathing of Britain has no aim to invest in Btitain and said publishing cuts would be made in the U.K.
Shareholders and analysts have been wanting a split for a long time and he came to the conclusion it was the right thing to do. It looks as if he might be putting the Staff of The Sun , maybe including Rebekah, and NOTW out to dry.
Analysts are suggesting that Murdoch has been forced to make the decision because the Board of Newscorp are worried about the ongoing phone
hacking scandal in Britain.
Two Senior Surrey Police Officers are the latest to be questioned about whether they knew Milly Dowlers' phone had been hacked.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Man Arrested In Phone Hacking InvestigationOfficers from Operation Weeting detain a man in Surrey, and are due to question him at a London police station.12:00pm UK, Thursday 05 July 2012 EmailPolice investigating allegations of phone hacking have arrested a 26-year-old man on suspicion of conspiracy to pervert the course of justice.
The man was held at a residential address in Surrey and is being questioned at a police station in London.
The arrest was made as part of the Operation Weeting investigation into hacking of voicemails.
The man is the 24th person to have been arrested as part of the operation.
Six people, including former News International chief executive Rebekah Brooks and her racehorse trainer husband Charlie, have been charged in connection with the inquiry.
Brooks faces three charges of conspiring to pervert the course of justice, while her husband is charged with one count of the same offence.
The couple are due to enter pleas when they appear at Southwark Crown Court in London on September 26.
Fourteen others remain on bail pending further enquiries, while four were released with no further action being taken.
Meanwhile, two former NHS employees have been arrested by detectives investigating allegations of inappropriate payments to police and public officials.
The 46-year-old-man and 42-year-old woman were arrested in Bridgwater in Somerset as part of the Operation Elveden inquiry.
They are being held on suspicion of conspiracy to cause misconduct in a public office and on suspicion of corruption.
They are the 38th and 39th arrests made as part of Operation Elveden, which is being supervised by the Independent Police Complaints Commission.
Operation Elveden is being run in conjunction with Operation Weeting, which comes under the Metropolitan Police.
The man was held at a residential address in Surrey and is being questioned at a police station in London.
The arrest was made as part of the Operation Weeting investigation into hacking of voicemails.
The man is the 24th person to have been arrested as part of the operation.
Six people, including former News International chief executive Rebekah Brooks and her racehorse trainer husband Charlie, have been charged in connection with the inquiry.
Brooks faces three charges of conspiring to pervert the course of justice, while her husband is charged with one count of the same offence.
The couple are due to enter pleas when they appear at Southwark Crown Court in London on September 26.
Fourteen others remain on bail pending further enquiries, while four were released with no further action being taken.
Meanwhile, two former NHS employees have been arrested by detectives investigating allegations of inappropriate payments to police and public officials.
The 46-year-old-man and 42-year-old woman were arrested in Bridgwater in Somerset as part of the Operation Elveden inquiry.
They are being held on suspicion of conspiracy to cause misconduct in a public office and on suspicion of corruption.
They are the 38th and 39th arrests made as part of Operation Elveden, which is being supervised by the Independent Police Complaints Commission.
Operation Elveden is being run in conjunction with Operation Weeting, which comes under the Metropolitan Police.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Jul 21, 7:39 PM EDT
Murdoch resigns from boards of UK newspapers
By SYLVIA HUI
Associated Press
LONDON (AP) -- Media mogul Rupert Murdoch has resigned as a director of a number of News Corp. boards overseeing his Britain newspapers, a spokeswoman confirmed Saturday. He also quit from some of the media company's subsidiary boards in the United States.
Murdoch stepped down this past week as a director of NI Group, Times Newspaper Holdings and News Corp. Investments in the U.K., said Daisy Dunlop, spokeswoman for News Corp.'s British arm, News International. The companies oversee The Sun, The Times, and The Sunday Times.
It was not immediately clear which of News Corp.'s U.S. boards Murdoch had left. Britain's Telegraph newspaper, which first reported the news late Saturday, said those details had not yet been disclosed by the US Securities and Exchange Commission.
News International sought to play down the significance of the resignations, saying in a statement that "this is nothing more than a corporate housecleaning exercise prior to the company split."
That was a reference to News Corp.'s announcement June 28 that it would separate its publishing business, which includes The Wall Street Journal, from its much more profitable media and entertainment business - forming two distinct, publicly traded companies. Under those proposed changes, Murdoch, 81, will chair both of the companies, although he would continue as chief executive of the media and entertainment company only.
Saturday's announcement suggests that Murdoch may be distancing himself from his British newspaper interests, which have been shaken to the core by a widespread phone hacking scandal.
The scandal erupted anew last year when it emerged that Murdoch's now-defunct News of the World tabloid had systematically hacked voicemails of politicians and celebrities. The revelations have rocked Britain's establishment and triggered three parallel police investigations that have resulted in more than 40 arrests. Illegal eavesdropping allegations at the News of the World led to the resignation of Rebekah Brooks, then-CEO of News International, who has been accused of perverting justice in the scandal.
Murdoch and his son, James, both had to testify in front of a parliamentary committee probing the allegations. The committee declared the elder Murdoch unfit to run an international business.
James Murdoch had already resigned as chairman of News International.
--
Sylvia Hui can be reached at http://twitter.com/sylviahui
Murdoch resigns from boards of UK newspapers
By SYLVIA HUI
Associated Press
LONDON (AP) -- Media mogul Rupert Murdoch has resigned as a director of a number of News Corp. boards overseeing his Britain newspapers, a spokeswoman confirmed Saturday. He also quit from some of the media company's subsidiary boards in the United States.
Murdoch stepped down this past week as a director of NI Group, Times Newspaper Holdings and News Corp. Investments in the U.K., said Daisy Dunlop, spokeswoman for News Corp.'s British arm, News International. The companies oversee The Sun, The Times, and The Sunday Times.
It was not immediately clear which of News Corp.'s U.S. boards Murdoch had left. Britain's Telegraph newspaper, which first reported the news late Saturday, said those details had not yet been disclosed by the US Securities and Exchange Commission.
News International sought to play down the significance of the resignations, saying in a statement that "this is nothing more than a corporate housecleaning exercise prior to the company split."
That was a reference to News Corp.'s announcement June 28 that it would separate its publishing business, which includes The Wall Street Journal, from its much more profitable media and entertainment business - forming two distinct, publicly traded companies. Under those proposed changes, Murdoch, 81, will chair both of the companies, although he would continue as chief executive of the media and entertainment company only.
Saturday's announcement suggests that Murdoch may be distancing himself from his British newspaper interests, which have been shaken to the core by a widespread phone hacking scandal.
The scandal erupted anew last year when it emerged that Murdoch's now-defunct News of the World tabloid had systematically hacked voicemails of politicians and celebrities. The revelations have rocked Britain's establishment and triggered three parallel police investigations that have resulted in more than 40 arrests. Illegal eavesdropping allegations at the News of the World led to the resignation of Rebekah Brooks, then-CEO of News International, who has been accused of perverting justice in the scandal.
Murdoch and his son, James, both had to testify in front of a parliamentary committee probing the allegations. The committee declared the elder Murdoch unfit to run an international business.
James Murdoch had already resigned as chairman of News International.
--
Sylvia Hui can be reached at http://twitter.com/sylviahui
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
22 July 2012 Last updated at 06:58 Share this pageEmail Print Share this page
News Corp reports jump in profit
Rupert Murdoch has resigned from a string of directorships controlling his News Corporation's UK newspapers.
Mr Murdoch, 81, quit directorships at NI Group Ltd, NewsCorp Investments and Times Newspaper Holdings on Friday.
News Corp plans to split into two firms, separating its newspaper and book publishing interests from its now dominant TV and film enterprises.
Mr Murdoch is expected to chair both businesses but to be chief executive only of the TV and film side.
News International has sought to play down the significance of the resignations.
'Corporate house-cleaning'
A spokesman said: "Last week, Mr Murdoch stepped down from a number of boards, many of them small subsidiary boards, both in the UK and US.
"This is nothing more than a corporate house-cleaning exercise prior to the company split."
Media commentator Steve Hewlett told the BBC it was "no surprise" News Corporation was moving away from its newspaper investments because declining circulation in the industry and the phone-hacking scandal had made for "a nightmare".
He added: "For Rupert Murdoch to make this move, however, away from these titles, which he has invested 40 years of his life in, is plainly significant."
Labour MP Tom Watson, a long-time critic of the Murdoch empire, agreed that it was a significant move.
He said: "It was only a few months ago when he told the members of the Sun team that he'd lived and breathed the paper for the last 40 years and he wasn't going anywhere.
"Well, few of them believed that at the time and I think the resignation this week proves it. He's jettisoning those parts of the company that have become an embarrassment and he's leaving those people that stuck with him for many decades behind."
When News Corp announced on 28 June that it would divide itself into two separate businesses, it said that Mr Murdoch would chair both of them - although he would continue as chief executive of only the TV, film and entertainment one.
'Remains committed'
The split will see News Corp's film and television businesses - including 20th Century Fox and the Fox broadcasting network - grouped in one company.
The other company will hold all News Corp's publishing interests, such as the Wall Street Journal, the Times, the Sun, the Australian, the New York Post and publisher HarperCollins.
BBC business editor Robert Peston says Mr Murdoch also resigned from a number of News Corporation boards, in the US, Australia and India.
Continue reading the main story
Analysis
Robert Peston
Business editor, BBC News
--------------------------------------------------------------------------------
In the light of the phone-hacking scandal and the Leveson Inquiry, there is a strong temptation to read a great deal into Rupert Murdoch's resignation from the boards of three UK companies that control the Sun, the Times and his other British newspapers.
And given how much power and wealth those newspapers have conferred on him, the termination of his directorships of those UK companies has a symbolic importance.
But the US parent company of all these newspapers says not too much should be read into the departures.
A spokesman describes all the resignations as a house-cleaning exercise in preparation for the already announced break-up of News Corp into two companies.
And the point is that Rupert Murdoch plans to be chairman of both of those businesses - so although he may be a bit further removed from the famous British newspapers, they will continue to report to him.
Read more from Robert
Mr Murdoch has resigned from about a dozen News Corporation boards in total, our correspondent says.
He says that in terms of structure, NewsCorp Investments sits just below News Corporation; NI Group Ltd sits below NewsCorp Investments and owns the UK newspaper interests, and Times News Holdings.
NI boss Tom Mockridge has sent an email to staff which says that Mr Murdoch remains committed to chairing the newspaper interests when they are demerged from News Corporation.
The announcement that News Corp was to split came following pressure from shareholders and UK politicians over the phone-hacking scandal.
Last year it emerged that journalists at News International publication the News of the World had been illicitly accessing the voicemails of prominent people to find stories.
Claims that NoW journalists had hacked the voicemail of murdered schoolgirl Milly Dowler led to the closure of the Sunday tabloid, and later an inquiry into press standards by Lord Justice Leveson.
The inquiry is due to hear closing submissions on Tuesday.
In May, News Corp's board gave their backing to Mr Murdoch after a UK parliamentary media committee report accused him of being "not a fit person" to run a major international business.
His son James resigned as chairman of UK broadcaster BSkyB in April in effort to distance that company from the phone-hacking scandal.
He also stood down as chairman of the newspaper publisher, News International, in March.
Our correspondent says some might argue that Mr Murdoch's resignations from the New Corp subsidiaries has a symbolic significance, given that his British newspapers - namely the Sun, Times, Sunday Times, and now defunct News of the World - had loomed so large in his long career.
"But I am not sure that his departure from these boards tell us anything much about how long he will remain chairman of their parent and therefore associated with them," he added.
News Corp reports jump in profit
Rupert Murdoch has resigned from a string of directorships controlling his News Corporation's UK newspapers.
Mr Murdoch, 81, quit directorships at NI Group Ltd, NewsCorp Investments and Times Newspaper Holdings on Friday.
News Corp plans to split into two firms, separating its newspaper and book publishing interests from its now dominant TV and film enterprises.
Mr Murdoch is expected to chair both businesses but to be chief executive only of the TV and film side.
News International has sought to play down the significance of the resignations.
'Corporate house-cleaning'
A spokesman said: "Last week, Mr Murdoch stepped down from a number of boards, many of them small subsidiary boards, both in the UK and US.
"This is nothing more than a corporate house-cleaning exercise prior to the company split."
Media commentator Steve Hewlett told the BBC it was "no surprise" News Corporation was moving away from its newspaper investments because declining circulation in the industry and the phone-hacking scandal had made for "a nightmare".
He added: "For Rupert Murdoch to make this move, however, away from these titles, which he has invested 40 years of his life in, is plainly significant."
Labour MP Tom Watson, a long-time critic of the Murdoch empire, agreed that it was a significant move.
He said: "It was only a few months ago when he told the members of the Sun team that he'd lived and breathed the paper for the last 40 years and he wasn't going anywhere.
"Well, few of them believed that at the time and I think the resignation this week proves it. He's jettisoning those parts of the company that have become an embarrassment and he's leaving those people that stuck with him for many decades behind."
When News Corp announced on 28 June that it would divide itself into two separate businesses, it said that Mr Murdoch would chair both of them - although he would continue as chief executive of only the TV, film and entertainment one.
'Remains committed'
The split will see News Corp's film and television businesses - including 20th Century Fox and the Fox broadcasting network - grouped in one company.
The other company will hold all News Corp's publishing interests, such as the Wall Street Journal, the Times, the Sun, the Australian, the New York Post and publisher HarperCollins.
BBC business editor Robert Peston says Mr Murdoch also resigned from a number of News Corporation boards, in the US, Australia and India.
Continue reading the main story
Analysis
Robert Peston
Business editor, BBC News
--------------------------------------------------------------------------------
In the light of the phone-hacking scandal and the Leveson Inquiry, there is a strong temptation to read a great deal into Rupert Murdoch's resignation from the boards of three UK companies that control the Sun, the Times and his other British newspapers.
And given how much power and wealth those newspapers have conferred on him, the termination of his directorships of those UK companies has a symbolic importance.
But the US parent company of all these newspapers says not too much should be read into the departures.
A spokesman describes all the resignations as a house-cleaning exercise in preparation for the already announced break-up of News Corp into two companies.
And the point is that Rupert Murdoch plans to be chairman of both of those businesses - so although he may be a bit further removed from the famous British newspapers, they will continue to report to him.
Read more from Robert
Mr Murdoch has resigned from about a dozen News Corporation boards in total, our correspondent says.
He says that in terms of structure, NewsCorp Investments sits just below News Corporation; NI Group Ltd sits below NewsCorp Investments and owns the UK newspaper interests, and Times News Holdings.
NI boss Tom Mockridge has sent an email to staff which says that Mr Murdoch remains committed to chairing the newspaper interests when they are demerged from News Corporation.
The announcement that News Corp was to split came following pressure from shareholders and UK politicians over the phone-hacking scandal.
Last year it emerged that journalists at News International publication the News of the World had been illicitly accessing the voicemails of prominent people to find stories.
Claims that NoW journalists had hacked the voicemail of murdered schoolgirl Milly Dowler led to the closure of the Sunday tabloid, and later an inquiry into press standards by Lord Justice Leveson.
The inquiry is due to hear closing submissions on Tuesday.
In May, News Corp's board gave their backing to Mr Murdoch after a UK parliamentary media committee report accused him of being "not a fit person" to run a major international business.
His son James resigned as chairman of UK broadcaster BSkyB in April in effort to distance that company from the phone-hacking scandal.
He also stood down as chairman of the newspaper publisher, News International, in March.
Our correspondent says some might argue that Mr Murdoch's resignations from the New Corp subsidiaries has a symbolic significance, given that his British newspapers - namely the Sun, Times, Sunday Times, and now defunct News of the World - had loomed so large in his long career.
"But I am not sure that his departure from these boards tell us anything much about how long he will remain chairman of their parent and therefore associated with them," he added.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Murdoch Inquiry Extends to Cellphone Theft
By RAVI SOMAIYA
Published: July 23, 2012
LONDON — The phone hacking investigation in Britain, which began with Rupert Murdoch’s tabloid newspapers, has broadened to include allegations that information was obtained from stolen cellphones, significant payoffs were made to public officials, and “medical, banking and other personal records” were illegally accessed, the senior police officer in charge of the operations told a judicial inquiry Monday.
Follow @nytimesworld for international breaking news and headlines.
.
The officer, Deputy Assistant Commissioner Sue Akers of Scotland Yard, gave the most detailed assessment yet of the three investigations prompted by allegations in 2009 that The News of the World tabloid had illegally intercepted voice mail messages on an industrial scale.
The newspaper was closed last summer under the weight of public outrage. But detectives have fresh details on a swath of related illegal activities, Ms. Akers told the panel headed by Lord Justice Sir Brian Leveson.
The police are aware of information that Mr. Murdoch’s papers obtained from two stolen cellphones, she said. One was in Manchester, in northern England, and the other in southwest London. She said that it seemed that one of thee phones had “been examined with a view to breaking its security code,” in order to gain access to its contents. The authorities are trying to establish whether the thefts were isolated incidents, or "the tip of the iceberg," she said.
Officers are examining 101 allegations of data interception, she said. That investigation, called Tuleta, has yielded seven arrests.
Another inquiry, into bribes paid to public officials, has led to 41 arrests -- including 23 current and former journalists, four police officers, nine current and former public officials and others who were conduits for the bribes. One prison official is accused of having received nearly $55,000 from Mr. Murdoch’s newspapers and from the rival Trinity Mirror and Express newspaper groups from April 2010 to June 2011.
The initial investigation into phone hacking, Operation Weeting, led to the arrest of 15 current and former journalists, 11 of whom will return to police stations on Tuesday as part of their bail conditions. The police have notified 2,615 people that they may have been targets of the voice mail interceptions. Of these, 702 "are likely to have been victims," she said.
Six people, including Rebekah Brooks, the former chief executive of Mr. Murdoch’s British newspaper group, News International, and her husband, Charlie Brooks, a horse trainer, have been charged in that investigation and will appear in court in September. The Brookses were friends of Prime Minister David Cameron.
==========================================
This is obviously why Newscorp has split and Murdoch resigned from all his U.K. Papers. Who knows what will be revealed when the Trials start of those
arrested.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Prosecutors are to announce later whether they will bring charges in relation to alleged phone hacking by journalists.
Crown Prosecution Service (CPS) legal adviser Alison Levitt QC is expected to reveal at around 11am whether anyone arrested so far under Operation Weeting will face prosecution.
Eleven current and former journalists and one non-journalist detained as part of the investigation are all due to answer police bail.
Among those awaiting the decision is Rebekah Brooks who was arrested last July on suspicion of phone hacking and corruption relating to her time as editor of News Of The World.
The scandal forced her to resign her post as chief executive of the paper's parent company News International.
Andy Coulson was questioned by police for nine hours when he was arrested over phone hacking last year.
He was editor of the News Of The World from 2003 to 2007, after which he became David Cameron's director of communications.
The private investigator Glenn Mulcaire, who had a contract with the News Of The World, was arrested and bailed in December on suspicion of conspiracy to hack voicemail messages.
The former News Of The World chief reporter Neville Thurlbeck was arrested in April 2011 on suspicion of intercepting voicemails. He was dismissed from his role at the paper in September.
Ms Levitt is Principal Legal Adviser to the Director of Public Prosecutions Keir Starmer and is overseeing decisions over potential prosecutions linked to phone hacking.
So far, 24 people including 15 current and former journalists have been arrested under Operation Weeting.
Police have also detained 41 people under Operation Elveden, a probe into alleged corrupt payments to public officials, and seven under Operation Tuleta, which is looking at accusations of computer hacking and privacy infringement.
So far, six people including Mrs Brooks and her husband Charlie, have been charged.
Mrs Brooks faces three charges of conspiring to pervert the course of justice, while her husband is charged with one count of the same offence.
The couple are due to enter pleas when they appear at Southwark Crown Court in London on September 26.
Article:
The Met's Phone-Hacking Operations The Met's Phone-Hacking Operations
Updated: 8:33pm UK, Monday 23 July 2012
The specialist crime directorate of the Metropolitan Police Service (MPS) is currently involved in three operations connected to the phone-hacking scandal.
The operations are all being led by Deputy Assistant Commissioner Sue Akers, head of organised crime and criminal networks within the specialist crime directorate.
:: Operation Weeting
Investigation that commenced on January 26, 2011, into allegations of phone hacking.
So far, 24 people including 15 current and former journalists have been arrested under Operation Weeting.
The number of likely phone-hacking victims is 702, according to Deputy Assistant Commissioner Sue Akers.
The Met is expected to spend £4m per year on the operation, and because of the scale of the investigation, has needed more resources to deal with the workload.
Only two people have been jailed over phone hacking - private investigator Glenn Mulcaire and ex-NOTW royal editor Clive Goodman in January 2007.
The Old Bailey heard they plotted to hack into royal aides' telephone messages.
:: Operation Elveden
An investigation into allegations of inappropriate payments made to police and public officials by those involved with phone hacking.
Police have so far detained 41 people under the operation, including 23 former or current journalists, four police officers, nine current or former public officials and five people who allegedly acted as go-betweens.
Elveden was launched after officers were handed documents suggesting News International journalists made illegal payments to police officers.
On July 23, Deputy Assistant Commissioner Sue Akers told the Leveson Inquiry that as part of their investigations, police are looking into allegations that two prison officers at separate high security jails took payments of thousands of pounds from journalists.
It was claimed the payments were made by News International reporters, along with those working for Trinity Mirror and Express Newspapers.
:: Operation Tuleta
Investigation into alleged computer hacking and privacy infringement.
Seven people have so far been arrested under this operation.
Deputy Assistant Commissioner Sue Akers has said Met officers are going through eight to 12 terabytes of data as part of the investigation.
===================================================
This is seperate to the chages Rebekah Brooks already faces.......no wonder Newscorp announced the split yesterday.!!!!
Crown Prosecution Service (CPS) legal adviser Alison Levitt QC is expected to reveal at around 11am whether anyone arrested so far under Operation Weeting will face prosecution.
Eleven current and former journalists and one non-journalist detained as part of the investigation are all due to answer police bail.
Among those awaiting the decision is Rebekah Brooks who was arrested last July on suspicion of phone hacking and corruption relating to her time as editor of News Of The World.
The scandal forced her to resign her post as chief executive of the paper's parent company News International.
Andy Coulson was questioned by police for nine hours when he was arrested over phone hacking last year.
He was editor of the News Of The World from 2003 to 2007, after which he became David Cameron's director of communications.
The private investigator Glenn Mulcaire, who had a contract with the News Of The World, was arrested and bailed in December on suspicion of conspiracy to hack voicemail messages.
The former News Of The World chief reporter Neville Thurlbeck was arrested in April 2011 on suspicion of intercepting voicemails. He was dismissed from his role at the paper in September.
Ms Levitt is Principal Legal Adviser to the Director of Public Prosecutions Keir Starmer and is overseeing decisions over potential prosecutions linked to phone hacking.
So far, 24 people including 15 current and former journalists have been arrested under Operation Weeting.
Police have also detained 41 people under Operation Elveden, a probe into alleged corrupt payments to public officials, and seven under Operation Tuleta, which is looking at accusations of computer hacking and privacy infringement.
So far, six people including Mrs Brooks and her husband Charlie, have been charged.
Mrs Brooks faces three charges of conspiring to pervert the course of justice, while her husband is charged with one count of the same offence.
The couple are due to enter pleas when they appear at Southwark Crown Court in London on September 26.
Article:
The Met's Phone-Hacking Operations The Met's Phone-Hacking Operations
Updated: 8:33pm UK, Monday 23 July 2012
The specialist crime directorate of the Metropolitan Police Service (MPS) is currently involved in three operations connected to the phone-hacking scandal.
The operations are all being led by Deputy Assistant Commissioner Sue Akers, head of organised crime and criminal networks within the specialist crime directorate.
:: Operation Weeting
Investigation that commenced on January 26, 2011, into allegations of phone hacking.
So far, 24 people including 15 current and former journalists have been arrested under Operation Weeting.
The number of likely phone-hacking victims is 702, according to Deputy Assistant Commissioner Sue Akers.
The Met is expected to spend £4m per year on the operation, and because of the scale of the investigation, has needed more resources to deal with the workload.
Only two people have been jailed over phone hacking - private investigator Glenn Mulcaire and ex-NOTW royal editor Clive Goodman in January 2007.
The Old Bailey heard they plotted to hack into royal aides' telephone messages.
:: Operation Elveden
An investigation into allegations of inappropriate payments made to police and public officials by those involved with phone hacking.
Police have so far detained 41 people under the operation, including 23 former or current journalists, four police officers, nine current or former public officials and five people who allegedly acted as go-betweens.
Elveden was launched after officers were handed documents suggesting News International journalists made illegal payments to police officers.
On July 23, Deputy Assistant Commissioner Sue Akers told the Leveson Inquiry that as part of their investigations, police are looking into allegations that two prison officers at separate high security jails took payments of thousands of pounds from journalists.
It was claimed the payments were made by News International reporters, along with those working for Trinity Mirror and Express Newspapers.
:: Operation Tuleta
Investigation into alleged computer hacking and privacy infringement.
Seven people have so far been arrested under this operation.
Deputy Assistant Commissioner Sue Akers has said Met officers are going through eight to 12 terabytes of data as part of the investigation.
===================================================
This is seperate to the chages Rebekah Brooks already faces.......no wonder Newscorp announced the split yesterday.!!!!
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
We've had Murdoch resign this week, will Brooks sit back after herself and hubby already been charged, and let the likes of Cawlson et al walkaway from this uncharged?.................I think not!!
Sit back folks, with your hard hats at the ready
Sit back folks, with your hard hats at the ready
Lillyofthevalley- Platinum Poster
- Number of posts : 1552
Warning :
Registration date : 2009-08-20
Re: Is this Armageddon for Murdoch and NewsCorp?
Lillyofthevalley wrote:We've had Murdoch resign this week, will Brooks sit back after herself and hubby already been charged, and let the likes of Cawlson et al walkaway from this uncharged?.................I think not!!
Sit back folks, with your hard hats at the ready
Morning Lillyofthevalley, yes, Brooks has already been charged with perverting the course of Justice, if she is charged now with being complicit in
the phone hacking , how many years in Jail will she serve!!!!! Cameron will also be affected, as a "friend" of she and her husband, Murdoch, his
judgement will be questioned. There were photos of some of the Celebrities whose phones were hacked.....the McCanns were not included.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Breaking News..............Rebekah Brooks charged with phone hacking. Think she will know how to sow mail bags?
Andy Coulson also charged.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
Brad Pitt and Angelina Jolie were also phone hacked and 600 victims could have been hacked.Brooks could also be charged with Bribery.
It is becoming increasingly clear that the Murdochs will be forced by the U.S. Government to sell some of their shares so they no longer have a majority
shareholding. The U.S. are stricter than the U.K. and could declare Murdoch unfit to own Companies outside the U.K. . This is why Newscorp split the
Companies recently, they guessed all this scandal was going to be published. The fact that Brad and Angelina were hacked is curious, were they in the U.K. at the time or the U.S.?
Remember how haughty Rebekah was outside the Police station after being suspected perverting the course of Justice? If some one can find the
statement can you post it here so we can gloat.....Ta . The McCanns might be feeling nervous.
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Panda- Platinum Poster
-
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Registration date : 2010-03-27
Re: Is this Armageddon for Murdoch and NewsCorp?
From twitter: Phone hacking: Here is the full charge sheet from the CPS: http://bit.ly/LKFb6F
chrissie- Platinum Poster
- Number of posts : 3288
Age : 63
Warning :
Registration date : 2009-08-28
Re: Is this Armageddon for Murdoch and NewsCorp?
Rebekah Brooks, the former News International chief executive, has issued a statement on the phone-hacking charges. She said:
I am not guilty of these charges. I did not authorise, nor was I aware of, phone hacking under my editorship. I am distressed and angry that the CPS have reached this decision when they knew all the facts and were in a position to stop the case at this stage. The charge concerning Milly Dowler is particularly upsetting not only as it is untrue but also because I have spent my journalistic career campaigning for victims of crime. I will vigorously defend these allegations.
I am not guilty of these charges. I did not authorise, nor was I aware of, phone hacking under my editorship. I am distressed and angry that the CPS have reached this decision when they knew all the facts and were in a position to stop the case at this stage. The charge concerning Milly Dowler is particularly upsetting not only as it is untrue but also because I have spent my journalistic career campaigning for victims of crime. I will vigorously defend these allegations.
chrissie- Platinum Poster
- Number of posts : 3288
Age : 63
Warning :
Registration date : 2009-08-28
Page 28 of 39 • 1 ... 15 ... 27, 28, 29 ... 33 ... 39
Similar topics
» Armageddon in Athens
» ISIS PLANS ARMAGEDDON IN INDIA AND PAKISTAN
» Murdoch
» Murdoch bid for BskyB
» How We Broke the Murdoch Scandal
» ISIS PLANS ARMAGEDDON IN INDIA AND PAKISTAN
» Murdoch
» Murdoch bid for BskyB
» How We Broke the Murdoch Scandal
Page 28 of 39
Permissions in this forum:
You cannot reply to topics in this forum