Note: Right after I finished the post, I read that Rebekah Brooks has resigned. Les Hinton, chief executive of News Corp’s Dow Jones unit has followed suit and resigned as well. All the king’s horseshit and all the king’s men won’t be able to put News Corp together again.
From The New Zealand Herald:
Saudi billionaire Prince Alwaleed bin Talal, a major shareholder in Rupert Murdoch’s scandal-hit News Corp. organisation, says under-fire executive Rebekah Brooks “had to go”.
“For sure she has to go, you bet she has to go,” News Corp.’s second largest shareholder said of Brooks on BBC’s Newsnight programme.
Brooks, who is due to face British lawmakers next week over claims that the now defunct News of the World newspaper hacked phones while she was editor, is the chief executive of News International, the British newspaper arm of News Corp.
The phone-hacking scandal escalated after the FBI announced it was to launch an investigation to find out if News Corp. titles hacked into the phones of US citizens.
Murdoch sought to calm shareholders’ fears on Thursday, telling the Wall Street Journal that the damage to News Corp. in Britain was “nothing that will not be recovered”.
Tell that to your daughter, Uncle Rupie. From The Telegraph:
Rupert Murdoch’s daughter Elisabeth has made a “furious” attack on Rebekah Brooks’s handling of the phone hacking scandal at News International, The Daily Telegraph has learnt.
Miss Murdoch, who is set to be given a seat on the board of her father’s News Corp empire, told friends that Mrs Brooks had “f—– the company”.
Her remarks represent the first breach in the show of solidarity around Mrs Brooks by the Murdoch family.Rupert Murdoch has voiced his “total” support for Mrs Brooks. Asked by reporters what his top priority was as he flew into London last weekend after the closure of the News of the World, he pointed to Mrs Brooks and replied: “She is.”