brands under fire
Posted by Sheila Shayon on July 14, 2011 07:16 PM
Just when it seems that things couldn't get any worse for Rupert Murdoch...
News Corp. is now being investigated by the FBI for allegedly attempting to hack into the phones of 9/11 victims, as the front page of the Wall Street Journal writes this evening. The New York Times also reports that the company has retained a "top criminal defense lawyer," Washington-based attorney Brendan Sullivan, as it faces recriminations in the US.
The media titan and his son James, who oversees News Corp.'s European operations, also reluctantly (after initially refusing, and then being threated with jail) agreed to appear before a British parliamentary panel next week to answer questions about the phone-hacking scandal.
In his first major interview since closing the News of the World — with, naturally, his flagship US publication, the Wall Street Journal — Murdoch defends his son, admits that "minor mistakes" were made, denies that asset sales are under consideration, and rejects claims made by former British Prime Minister Gordon Brown.Continue reading...
media and politics
Posted by Sheila Shayon on July 14, 2011 11:00 AM
The reaction to the latest twists and turns in News Corp.'s phone hacking scandal — which yesterday compelled Rupert Murdoch to withdraw his BSkyB bid, and today led him (and son James) to decline to testify? (Update: they've agreed to testify.)
Naturally, it runs the gamut from mocking (such as the eBay UK listing above), the cultural (musician Billy Bragg expressed his feelings about Murdoch's tabloids in song), to social media outrage (one prominent tweeter: former deputy Labour leader John Prescott).
The story is also making waves in Murdoch's adopted homeland of America. Citizens for Responsibility and Ethics in Washington (CREW) is calling for a US inquiry, while Hugo Dixon, Editor of Reuters Breaking Views, told the BBC that "politicians in America are starting to beat the drum."
Update: this afternoon comes word that the FBI is investigating News Corp. following allegations that 9/11 victims were targeted.Continue reading...
brands under fire
Posted by Sheila Shayon on July 13, 2011 09:30 AM
When the British prime minister tells you your deal should die, Rupert Murdoch listens.
As News Corp.'s phone hacking scandal continues to dominate headlines around the world and unfold in the very public court of public opinion, the latest shoe to drop is Murdoch's BSkyB bid.
Following British PM David Cameron's call for the "disgraceful" News Corp. to drop its bid to acquire all of BSkyB, the company is doing just that. The move marks something of an about-face for Cameron, who has been criticized for not being tough enough on News Corp. before now.Continue reading...
Posted by Dale Buss on July 13, 2011 09:00 AM
Albertsons decides to keep self-checkout lanes.
Amazon seeks ballot measure to undo California tax.
Arm & Hammer woos cat-lovers.
BlackBerry owner RIM announces seven new smartphones, courts carriers feeling threatened by Apple and Google.
BMW cranks up its profit forecast.
Campbell takes new course as new CEO outlines strategy.
Carrefour sees its acquisition deal in Brazil fizzle.Continue reading...
brands under fire
Posted by Sheila Shayon on July 12, 2011 07:00 PM
So did News Corp. have a better day today? In a word, no. Some of the challenges rattling the media empire that Rupert Murdoch built:
• Scotland Yard has notified only 170 of 4,000 suspected victims, according to Sue Akers, deputy assistant commissioner of the London Metropolitan police in charge of the phone hacking scandal, at a hearing today. Akers told a group of MPs she’s taking a "very broad" approach to the inquiry in ‘Operation Weeting,’ which is examining 11,000 pages of material containing the names of the 4,000 possible victims. Murdoch has been called before a parliamentary committee to answer questions on the hacking scandal, according to a BBC report, along with his son James and Rebekah Brooks, the CEO of News International.
• News Corp.'s BSkyB bid is in trouble, with British politicians crossing party lines to support a motion which reads, "The house believes that it is in the public interest for Murdoch and News Corporation to withdraw their bid for BSkyB." Asked if the government expected News Corp to heed parliament, a spokesperson said: "Ultimately, that is a decision for News Corp but we would always expect people to take seriously what parliament has said." The House of Commons is scheduled to vote on it Wednesday, with Prime Minister David Cameron reportedly backing the motion.Continue reading...
brands under fire
Posted by Sheila Shayon on July 11, 2011 05:00 PM
The closure of the News of the World on Sunday wasn't the end of Rupert Murdoch's media woes.
The homepage of the Guardian (above) shows the latest revelations in the phone-hacking scandal, which has widened to include other Murdoch-owned titles and additional targets, including former British prime minister Gordon Brown (and his family), the Royal Family (with Prince Charles' phone calls to now-wife Camilla believed to be hacked), and the news that News Corp. has withdrawn its plan to spin off Sky News as part of its $12 billion bid to assume control of BSkyB.
That BSkyB bid now faces a potential six-month review in the wake of fresh allegations including the attempted hacking of British 9/11 victims' cellphones to retrieve their final frantic messages, and the revelation by Scotland Yard that Murdoch's Sun reporters ferreted out details about Gordon Brown's disabled son from his medical records, among other crimes.Continue reading...
Posted by Dale Buss on July 11, 2011 09:00 AM
Airbus and Boeing compete for major deal from AMR.
Albertsons ends self-checkouts.
Apple loses “app store” battle with Amazon, picks new target.
Arby’s launches “casting call” contest.
Audi to build cars in North America, reports record first-half global sales.
Campbell Soup needs immediate help from new CEO.
Citigroup leverages digital to engage Asian consumers.Continue reading...
Posted by Shirley Brady on July 9, 2011 11:00 PM
As News Corp. faces fresh allegations that phone hacking was more widespread than previously thought at News of the World, Rupert Murdoch's embattled "red top" tabloid has published its last issue, the production of which was played out over its Twitter feed.
Murdoch is fighting to defend his management team and keep institutional investors such as the Church of England from withdrawing support that would hinder his other titles, not to mention his BSkyB deal. The newspaper's former editor, Andy Coulson, was arrested Friday, as attention turns to News Corp. exec Les Hinton, Murdoch's "lifelong lieutenant and closest advisor," as the Guardian puts it.
Click below to see NotW's final cover, featuring its more provocative exclusives over the years, and check out its website and this video to see the newspaper's own tribute to its 168-year history.Continue reading...