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Phone-hacking

News Corp settles shareholder's lawsuit for $139 million

April 25, 2013

News Corporation's board of directors, including Rupert Murdoch, has agreed a $139 million (€106.8 million) settlement of a lawsuit brought by investors.

News Corporation's board of directors, including chief executive and chairman Rupert Murdoch, has agreed a $139 million (€106.8 million) settlement of a lawsuit brought by investors, which claimed directors had turned a blind eye to illegal practices and mismanagement at News Corp that damaged share prices.

The shareholders sued the directors on behalf of News Corp; the money – which will be covered by the board's insurance – will be paid to News Corp itself rather than to shareholders directly.

Of News Corp and Corgis

August 30, 2012

The world has changed and some businesses that worked in the past won’t work in the future. Elisabeth Murdoch can’t be the only next-gen wondering if it’s easier just to jump ship and build something better.

When Elisabeth Murdoch stood up to deliver the MacTaggart Lecture recently – the main event at an annual British media jamboree in Edinburgh – the audience may have braced itself for a repeat of her brother James’s infamous appearance before British parliament.

Explaining why journalists at the newspapers he ran were hacking the phones of murdered girls and bombing victims, he lapsed into incomprehensible management jargon, blathering about “pushbacks” and “financial quantum”. Fortunately Elisabeth is made from different stuff.

Phone-hacking scandal ‘divided the Murdoch family’

November 3, 2011

The phone-hacking scandal has reportedly driven a wedge between members of the Murdoch family, which controls News Corp, with Elisabeth blaming her brother James for allowing the situation “to spiral out of control”.

According to an article in Vanity Fair, Elisabeth approached her father Rupert Murdoch, the media conglomerate’s chief executive and chairman, as details emerged about phone-hacking practices at News International, the UK division of News Corp that James oversees.