Business

Oct 9, 2017

News Corp battered on multiple fronts

Phone-hacking revelations, sexual harassment scandals, and corporate opposition to James Murdoch all add to News Corp's list of woes.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

News Corp reader revenues

More troubles for the Murdoch family media empire in the US and UK and their News Corp and 21st Century Fox companies. In London, News UK admitted “vicarious liability” as part of a lawsuit settlement in London. The Irish edition of the company’s now defunct News of the World tabloid hired a private investigator who hacked the computer of Ian Hurst, a former British Army intelligence officer, according to Hurst’s lawyer, Jeremy Reed. The interception of his emails took place more than a decade ago, after Hurst had written a book about his experiences in Northern Ireland. News UK agreed to pay Hurst a “substantial amount in damages,” its lawyer said in court on Friday.

And, in a separate incident on Friday in London, Royal London Asset Management said it would vote against the re-election of James Murdoch as Sky chairman at the company’s annual meeting next Thursday night (Sydney time), saying the board needs independent oversight, especially in light of the 11.7 billion-pound (US$15.3 billion) offer from the Murdoch family’s 21st Century Fox. There has been growing opposition to James Murdoch’s re-election from some UK corporate governance advisers.

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3 comments

Leave a comment

3 thoughts on “News Corp battered on multiple fronts

  1. Graeski

    A world without the Murdoch empire would be a better world.

  2. AR

    Every little bit helps but how many more nails are needed for the News Corpse coffin?

  3. klewso

    Who knows how long “conventional media” could have lasted – but Murdoch’s coming must have shortened it?

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