U.K. BUSINESS SECRETARY EXPLAINS HIS “WAR ON MURDOCH” COMMENT

Britain’s business secretary, Vince Cable, claimed today (Tuesday) that he had heard “veiled threats” that Rupert Murdoch would retaliate if he did not approve Murdoch’s bid to take over complete ownership of BSkyB, the British satellite operator. It was in that context, he indicated in testimony before the Leveson hearing into journalistic ethics, that he […]

ANOTHER INVESTORS GROUP CALLS FOR MURDOCH TO STEP DOWN

CalPERS, the nation’s largest public pension fund, is joining other large investors in News Corp that are calling for the ouster of Rupert Murdoch and his sons James and Lachlan from the company’s board of directors. CalPERS has questioned the Murdochs’ stewardship of the company following revelations that its now-defunct News of the World routinely […]

U.K. LAWMAKERS SEEK TO LOCK DOOR ON ANOTHER MURDOCH BID FOR BSKYB

Leaders of Britain’s opposition Labor Party are attempting to line up multipartisan support for a measure that would block News Corp from renewing its bid to acquire full ownership of BSkyB, the satellite broadcaster that it presently controls, Britain’s Guardian newspaper reported today (Monday). The new law would impose a public interest test on new […]

U.K. LAWMAKERS HURL NEW CHARGES AT NEWS CORP

Despite protestations by News Corp Deputy COO James Murdoch before one Parliamentary committee on Tuesday that the company wants to be “completely transparent” in its handling of the phone hacking scandal that has engulfed the company, another Parliamentary committee today (Wednesday) accused News International, the British news division that the younger Murdoch oversees, of “deliberately” […]