Certainly the media world is all over the hacking charges, the closure of News Of The World, the resignations of top officials, and now the resignation inside Scotland Yard. So one has to question, can we say with "certitude" that this has reached the pinnacle or will more bad news follow.
If it is uncovered that hacking of phones also occurred in the USA, which won't be surprising, then the answer is obviously no. But what does it mean for the Murdoch empire? With NOTW out of business, will other Murdoch properties also get undone. Are the future of The Wall Street Journal and Fox News (and News Corporation) also in the cross hairs?
"Founder Rupert Murdoch, 80, has long expressed a wish to hand his publicly traded News Corp. to his offspring, and he retains the voting power to make key decisions. But shareholders and board members are said to be troubled by revelations of wrongdoing on Murdoch's watch, and feel the U.S.-based company needs fresh leadership." How much change will happen and how quickly? Will it be simply a management change or something far worse? Not that they will close, but will Murdoch be forced to sell off his empire in order to survive? The empire is in disarray and that could open them up to an uprising or an attack from another land. John Malone and Liberty Media, are you dressing for war?
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