Rupert Murdoch can be expected to be personally furious and potentially devastated by the partisan-but-damning judgment of a committee of British lawmakers that he is not a "fit" person to run an international business.
The Cabinet minister who oversees British broadcasting came under fire Tuesday after the inquiry into the News Corp. hacking scandal revealed extensive contacts with the company while he weighed a controversial merger.
One year ago James Murdoch was widely regarded as heir-apparent to his father Rupert's global News Corp. media empire -- a remarkable turnaround for a college dropout once viewed as the family's black sheep.
Media magnate Rupert Murdoch will appear next week before the independent British inquiry into journalistic ethics prompted by phone hacking at his defunct News of the World tabloid, the investigators said Thursday.
Rupert Murdoch is facing a fresh challenge to his UK media business as it emerged that Britain's communications regulator has escalated its probe into whether British Sky Broadcasting is a "fit and proper" owner of a broadcasting licence.
A simmering scandal and disgruntled shareholders weren't enough to hold back News Corp these past few months, as the company reported a 7% increase in revenue that beat analyst estimates. News Corp. said in a statement after the bell Wednesday that its revenue had increased to $7.96 billion for the quarter ending September 30 from $7.43 billion a year ago. Net income was $738 million, or 28 cents per share, down from $775 million and 30 cents per share a year ago.
The Watergate scandal saw the resignation of the president, the jailing of senior administration officials, the collapse of trust in the political class, a shift in the balance of power from one party to another, an increase in the reputation of the press and sustained pressure for freedom of information. All this took place over a period of years.
The FBI has launched an investigation into Rupert Murdoch's News Corp. amid allegations that employees or associates may have hacked into phone conversations and voicemail of Sept. 11 survivors, victims and their families, a federal law enforcement source told CNN.
Rupert Murdoch's media empire suffered a double blow Wednesday as Prime Minister David Cameron launched a wide-ranging investigation into the British press and Murdoch's News Corp. withdrew its bid to take over British satellite broadcaster BSkyB.
U.S. stocks fell from earlier highs but still managed to snap a three-session losing streak Wednesday after Federal Reserve chairman Ben Bernanke reiterated that the central bank remains ready to provide additional stimulus.
News Corp. -- Rupert Murdoch's media conglomerate -- ended its $12.5 billion bid to purchase all of British Sky Broadcasting, following days of intense pressure from the British public and politicians over the company's growing phone hacking scandal.
British lawmakers investigating a phone hacking scandal Tuesday asked media baron Rupert Murdoch, his son James and former News of the World editor Rebekah Brooks to testify before them, hours after former British Prime Minister Gordon Brown accused their newspaper group of illegally obtaining private information about him.
The scandal that brought down Britain's biggest Sunday newspaper widened Monday with allegations that journalists from other News International papers improperly obtained personal information about former Prime Minister Gordon Brown.
News Corporation said Monday it was continuing its bid to purchase satellite TV company British Sky Broadcasting despite heightened political heat Rupert Murdoch's media empire faces stemming from the British phone hacking scandal.
Media magnate Rupert Murdoch flew into London Sunday, hours after the final edition of the News of the World hit the stands, forced to close by a scandal over illegal eavesdropping and bribery that has outraged Britain.
Staffers at the scandal-hit News of the World emotionally departed their London newsroom for the last time Saturday night, proudly holding up the final edition of the best-selling British Sunday tabloid.
Closing Britain's highest-selling newspaper, the 168-year-old News of the World, with just three days' notice in the wake of its phone-hacking scandal may feel like a nuclear option. In practice, it makes perfect sense for Rupert Mudoch's News Corporation.
In the weeks that Rupert Murdoch was locked in unsuccessful negotiations to keep his longtime No. 2 at News Corp., the media baron also had to accept his daughter Elisabeth's decision to turn down a spot on the company's board, sources told Fortune.
Readers of the The Sun, a British tabloid best known for its bare-breasted Page Three girls, opened their newspapers to see a young woman named Keeley Hazell wearing only green paint. Ms. Hazell is the face - well, not just the face - of the paper's campaign against global warming.