Mendoza School of Business

News Corp. execs don’t admit role in phone hacking

Published: July 20, 2011 / Author: Gary Watson

It had all the elements of one of Rupert
‘s Fox TV hits: drama, suspense, action — even a dose of comic

But at the end of the day, the British parliamentary
hearing on the scandal threatening Murdoch’s grip on media powerhouse News Corp.
may have been more about keeping the self-made billionaire’s corporate
House in order than cause for Glee.

“This is the most humble day of my career. To say I’m sorry
is not enough,” Murdoch said under protracted grilling by Parliament’s Culture,
Media and Sport Committee, which is investigating beleaguered News Corp. because
of its News of the
, the now-shuttered tabloid that hacked phone messages of British
politicians, celebrities and crime victims to scoop competitors. World
staffers have also been accused of paying off British police officers for news
tips. Scotland
‘s two top officials resigned this week in the fallout.

Tuesday’s hearing underscored Murdoch’s effort to avoid
direct responsibility for the scandal and a steadfast resolve to remain CEO and
chairman of New York-based News Corp. It also provided a crisis management
showcase for son James, the heir apparent whose succession plans had been in
doubt since the scandal began pummeling News Corp.’s stock, undermined merger
deals and prompted the resignations of several top executives.

To read entire article visit: News Corp. execs don’t admit role in phone hacking

Story also appeared in American Chronicle and The Tennessean.


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