Rupert Murdoch’s love for newspapers shows no signs of going away. The News Corporation chairman and chief executive is reported to be in talks to by the Los Angeles Times and the Chicago Tribune from Tribune Company, which is due to emerge from bankruptcy shortly.
A report in the La Times says News Corp executives have held preliminary talks with Tribune’s debt holders, which will become majority owners of the company after it exits bankruptcy. This could happen by year’s end.
Quoting News Corp executives and others familiar with the situation the paper said a deal is by no means certain and that other potential buyers have expressed interest. Read more »
The Church of England has sold £1.9m it held in News Corporation shares after the company failed to hold senior managers to account following the phone hacking scandal.
Having raised concerns with News Corp’s board last year the Church said it feared the media group had not learnt lessons.
The Church of England had wanted News Corp to separate the positions of chairman and chief executive. Both are held by Rupert Murdoch. Read more »
After harsh criticism of him personally and his company’s conduct by a UK parliamentary committee, which said Rupert Murdoch was “not fit” to have “stewardship of a major international company”, the News Corporation CEO has sent an email to all staff.
In the email he said that the company “should have acted more quickly to uncover wrongdoing and deeply regretted what took place during years of phone hacking. Read more »
We’re back with more live coverage of News Corporation chief executive Rupert Murdoch at the Leveson inquiry.
Today he’s covered the period relating to the phone hacking scandal and the closure of the News of the World and admitted personally failure. Read more »
Highlights so far -
- Says Downing Street “don’t want me to be photographed going in the front [door of No 10]“.
- Check out our Storify of some of the top #Leveson tweets today
- Murdoch says he was surprised when Cameron hired Andy Coulson.
- Murdoch talks about Gordon Brown recounts how the former PM said no alternative to make war on your company.”
- Jeremy Hunt makes is statement to the house of commons
- Murdoch talks about his relationship with Tony Blair and New Labour
- Hunt’s adviser Adam Smith resigns.
- Hacking and private investigators are a lazy way of journalists doing his job
- Sadly says he never interfered with the News of the World
- Says The Sun has never been a better newspaper than it is now
- “If you want to judge my thinking look at The Sun.”
- Has never pushed commercial interests in his papers.
- Murdoch wants to put certain myths to bed
- Says “Don’t take my tweets too seriously … “
14:48 – That’s it we’re done for the day and back tomorrow.
14:34 – Jay brings up how Murdoch’s relation with Alex Salmond improved after 2007 after no contact for seven years. From 30 October 2007 there was frequent contact. Rupert Murdoch is a fan of the First minister and SNP leader.
Murdoch says he has a warm relationship with Salmond who he has been in contact with about his Scottish heritage and a “rough, tough” play in New York.
He says that the idea of Scottish independence is “nice” but that he’s “not convinced”. Read more »
James Murdoch’s appearance at the Leveson Inquiry has shone an uncomfortable light on News Corporation’s abandoned takeover of BSkyB and Secretary of State Jeremy Hunt’s role in the process.
Emails released as part of the inquiry suggest Hunt was in close contact with News Corp during the Autumn of 2010 as the media giant tried to gain full control of BSkyB. Read more »
The New York Times reports that two British lawyers are preparing News of the World phone-hacking related claims in New York.
There have been reports of phone hacking trouble brewing in the US for Rupert Murdoch for months now, after the FBI said it was to investigate News Corp over 9/11 phone hacking claims, but now two prominent lawyers including Mark Lewis are said to be laying the ground work for possible legal action. Read more »