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tokyogai
User Rank
Platinum
Newscorp empire
tokyogai   7/19/2011 9:05:34 AM
NO RATINGS
If they can keep the scandal to the UK, the effects will be sohrt term and an apology may work. If this contagian makes it across the Atlantic to Fox or the Wall Street Journal, it will signal real serious long term problems for Rupert. Maybe he has been a little too arrogant?

ProfR
User Rank
Platinum
Who goes under the bus?
ProfR   7/19/2011 8:40:55 AM
NO RATINGS
In these kind of situations, you always need someone to "throw under the bus", i.e., be punished for what happened. That gives everyone a chance to say they did something and that things are now cleaned up. This will be interesting.

Street Smart
User Rank
Platinum
Rupert Murdoch
Street Smart   7/19/2011 7:43:31 AM
NO RATINGS
I'm wondering if the scandal will reach the US and affect Murdoch's properties here. The FBI has already opened the 9/11 phone hacking investigation here, and the WSJ has been marginally affected with the departure of Les Hinton, but we may emerge as his new safe haven and political power base.

Does anyone know if Murdoch has dual British/US citizenship or is strictly a US citizen now?  Just curious.

 

Tenacious
User Rank
Platinum
And now, death
Tenacious   7/19/2011 7:29:59 AM
NO RATINGS
Didn't think this mess could get any messier until I read about the death of whistleblower Sean Hoare. Marvin, obviously Murdoch will emerge with a lightier bank account, based on these falling share prices. But what. ultimately, do you think is in store for him?

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