James Murdoch resigned from his post as Executive Chairman of News International, the UK publishing unit of News Corporation, the company announced in a statement on Wednesday.
CNBC's Kayla Tausche has the story on testimony that uncovered wide-ranging corruption at News Corp's Sun tabloid, and insight on whether the paper will stay in business, with Sarah Ellison, Vanity Fair contributing editor.
The officer leading a police investigation said e-mail records showed editors and reporters at The Sun had paid hundreds of thousands of dollars for information, The New York Times reports.
Rupert Murdoch reaffirmed his commitment to his embattled U.K. newspapers by announcing in London Friday that he will launch a new Sunday edition of The Sun “very soon.”
Investigators looking into alleged corrupt practices at News Corp’s UK newspapers suspect that cash payments worth more than £100,000 were made to police officers and other public officials, one person familiar with the investigation said. The FT reports.
Is too late for Rupert Murdoch to reassure Sun employees he will not sell or close the newspaper, which is the most widely read in the UK, with Sarah Ellison, Vanity Fair, and CNBC's Kayla Tausche.
This weekend brought several arrests at the UK's Sun tabloid on suspicion of bribing public officials, with CNBC's Kayla Tausche.
British police arrest five at Rupert Murdoch's Sun newspaper.
The latest arrests at Rupert Murdoch’s British newspaper empire have sparked renewed concerns about whether News Corp will continue to back the papers, CNBC.com's Catherine Boyle writes.
Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that towards his business empire that he was forced to give up his closed its sister paper.
A June 2008 e-mail to James Murdoch discussed in frank terms the scale of phone hacking at News International, The New York Times reports.
Last August, as News Corporation scrambled to contain a phone-hacking scandal at its British newspaper unit, Chase Carey, the company’s president and chief operating officer, proposed an idea to his boss, Rupert Murdoch: buy back $5 billion worth of stock, the New York Times reports.
The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.
CNBC's David Faber and Julia Boorstin discuss the negativity surrounding Rupert Murdoch and whether there is an investment opportunity in News Corp's upgrade from RBC Capital Markets.
CNN star interviewer Piers Morgan is answering questions about his time at the top of Britain's tabloid industry.
Rupert Murdoch’s son James received and responded to e-mail messages in 2008 that referred to “a nightmare scenario” of legal repercussions from widespread phone hacking at the tabloid The News of the World, the NYT reports.
James Murdoch repeatedly insisted in front of British MPs Thursday that he did not know that phone-hacking at the News of the World went beyond a few rogue reporters.
Rupert Murdoch has another headache on his hands- new allegations of hacking on top of shareholders advocating for his ousting. Murdoch kicked off the meeting with glowing comments about the state of the company, saying that the company's "in good shape to prosper." But it seems company hasn't yet put the hacking scandal behind it.
Rupert Murdoch inherited part of the newspaper business he turned into a vast worldwide media empire from his father, Sir Keith, and has always wanted to pass on News Corp to one of his children.
Andrew Edgecliffe-Johnson, Financial Times, and Peter Lauria, Reuters Media, discuss the future of the Murdoch dynasty.