What's the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation. Leaders in other industries earn far less than their media industry counterparts, the NYT reports.» Read More
News Corp is facing heightened legal risks in its home US market over the phone hacking and police bribery scandal after the arrest of Rebekah Brooks, the former News International chief executive, but legal analysts believe US authorities are unlikely to take rapid action against the company. The FT reports.
At best, former Scotland Yard senior officers acknowledged in interviews, the police have been lazy, incompetent and too cozy with the people they should have regarded as suspects. The New York Times reports.
Michael Corty, Moringstar, says it is not too much of a surprise Les Hinton resigned from News Corp.
CNBC's Amanda Drury has details on the sudden resignation of the Dow Jones CEO.
CNBC's Tyler Mathisen has the details of another top News Corp executive exiting the company on the heels of the hacking scandal.
CNBC's Kayla Tausche reports News Corp is still in apologizing mode even after News International CEO Rebekah Brooks leaves the company.
Rupert Murdoch and News International will this weekend make a full ‘mea culpa’ to the British public for the phone hacking scandal through a series of full-page advertisements headed: “We are sorry," the FT reports.
With revelations that some within News International’s ranks were not only dirty but criminal, Les Hinton is coming under scrutiny for what he did and did not know when he ran the company from 1995 until 2007, the period when the most egregious known examples of voice mail hacking by News International employees took place, the New York Times reports.
CNBC's Kayla Tausche has the story on British Prime Minster David Cameron welcoming the resignation of Rebekah Brooks, CEO of News International.
CNBC's Kayla Tausche has the story on Rebekah Brooks' resignation.
James Murdoch issues a full statement updating the public on actions taken by News International to combat the contagion spreading from the phone hacking scandal, reports CNBC's Kayla Tausche.
Intimidated children rounding on the playground bully – that is the spectacle in the UK since the News of the World phone-hacking scandal exploded. As one who has long believed that the influence of Rupert Murdoch on UK public life was quite intolerable, I am delighted to see this reversal of fortune.
Rupert Murdoch is defending his company tonight, with an extensive interview to the WSJ, just as the FBI is launching its own investigation, with CNBC's Kayla Tausche, and NBC's Pete Williams.
CNBC's Maria Bartiromo reports the Italian senate passes $99 billion austerity plan; the FBI initiates process to investigate News Corp; and shares of pharma company, Medicis fell, after a dead body was found at the house owned by its CEO.
CNBC's Kayla Tausche reports Murdoch's empire may be one step closer to an FBI investigation.
Michael Wolff, Vanity Fair columnist weighs in on News Corp's credibility and the likelihood that this becomes a "Watergate" type of scandal.
CNBC's Herb Greenberg with details on the FBI's investigation of News Corp over possible phone hacking.
Discussing the media conglomerate's future and what it needs to do to prevent further damage, with Gordon Bethune, former Continental Airlines chairman/CEO, and Robert Dilenschneider, The Dilenschneider Group chairman.
The media mogul does an about-face and agrees to appear before a British parliamentary committee investigating the phone hacking scandal. Details with CNBC's Kayla Tausche
U.S. lawmakers will issue summons for Rupert and James Murdoch, reports CNBC's Kayla Tausche.