Rupert Murdoch shuts News of the World

The floodgate of criminal accusations continues to flow against Rupert's News of the World and threatens his BSkyB deal, and his entire media empire. I fully expect Rupert to weather the storm, but with a considerable amount damage along the way.

Amplify’d from www.sfgate.com

Facing a tide of outrage over rampant phone-hacking, Rupert Murdoch jettisoned the notorious News of the World tabloid in an effort to protect his media empire, but the dramatic step may prove insufficient to contain the growing scandal or secure his bid to expand an already-huge presence in Britain.

Murdoch is struggling to ensure that toxic fallout does not infect other parts of News Corp., a media giant with holdings from Asia to the United States, including the Wall Street Journal and Fox News. Read more at www.sfgate.com

 

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