Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  News Corp    NWSA

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Hunter turns hunted as Murdoch "harassed" by press

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/26/2012 | 08:31pm CET

Rupert Murdoch described on Thursday being "mobbed" and "harassed" by journalists and paparazzi, in an exchange rich with irony during his testimony at a judicial inquiry on press ethics prompted by criminal behavior at one of his papers.

The 81-year-old media mogul was facing a second day of grilling at the Leveson Inquiry, which has heard dozens of witnesses give detailed accounts of being harassed by reporters from Murdoch's own newspapers.

The inquiry was ordered by British Prime Minister David Cameron last year after revelations of widespread phone-hacking at Murdoch's News of the World tabloid. The scandal scuppered Murdoch's bid for full control of satellite TV business BSkyB and embarrassed Cameron by exposing his close ties to Murdoch's inner circle.

Murdoch was hauled over the coals by the inquiry's lead counsel, Robert Jay, over a bizarre moment on July 10 last year, just after he had abruptly shut down the News of the World and put 200 people out of work.

The phone-hacking scandal was a top world news story at the time, and when Murdoch emerged from his London home with his protégée Rebekah Brooks, then CEO of his British newspaper business, they were surrounded by reporters and photographers.

Asked by a Reuters reporter what his priority was at that time, Murdoch pointed at Brooks and said "this one".

His answer raised doubts about the tycoon's handling of a major crisis that posed a threat to his business interests not only in Britain but across the world.

Quizzed by Jay on what he had meant, Murdoch revisited the episode.

"I'm walking across the street from my apartment to a hotel. We were mobbed by journalists and paparazzi. I had a microphone stuck on my mouth and they said 'what's your main consideration?' and I said 'her, here'," he said.

"PART OF THE GAME"

Later on in the exchange, Jay asked whether Murdoch felt that the reporters had behaved inappropriately. Here is what was said next.

Murdoch: I think it's part of the game.

Jay: And what's the game?

Murdoch: Harass people. You know, I was being harassed. I was trying to walk all of 10 yards across the street. I had another 20 or so outside my apartment this morning.

Jay: But part of the game of harassment, intrusion, these are recurrent themes in the behavior of the press for decades, would you not accept that?

Murdoch: Yes, it can take many forms, but yes.

This dialogue will have raised eyebrows among the many people, celebrities as well as ordinary members of the public, who have complained bitterly of their treatment at the hands of the press, particularly people working for the Murdoch papers.

Murdoch's critics allege that his aggressive management style bred an ultra-competitive culture at his papers that put pressure on reporters to get stories whatever the means.

Actors Hugh Grant and Sienna Miller are among the many witnesses who have appeared at Leveson to describe being chased down the streets or besieged in their homes by photographers or reporters seeking salacious scoops.

The exchange between Murdoch and Jay was also revealing of the enduring strength of the bond between the media mogul and Brooks, who enjoyed a meteoric rise from secretary at the News of the World to editor of that paper, then of its sister paper the Sun, then to CEO of News International.

Brooks resigned last summer over the phone-hacking scandal and has since been arrested twice as part of police inquiries into allegations of wrongdoing at News International. None of those arrested in connection with the affair has yet been charged.

In his testimony at Leveson, Murdoch was at pains to protect Brooks. He said News of the World reporters had hidden their illegal activities from her.

Concluding his questioning on the July 10 episode, Jay asked Murdoch why his instinctive response when a microphone was thrust under his nose was to priorities Brooks rather than saying "we need to clean up my company".

"Because I was concerned for Rebekah Brooks, who was seeking to resign, and under great pressure, and I was seeking to keep her confidence. I mean, her self-confidence," Murdoch said.

(Editing by Robin Pomeroy)

By Estelle Shirbon

Stocks treated in this article : British Sky Broadcasting Group plc, News Corp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEWS CORP
02/17 TWENTY-FIRST CENTURY FOX INC : Post Earnings Coverage as Twenty-First Century Fo..
02/16 GLOBAL FIRST : Star India and TED Announce Greenlight of “TED Talks India:..
02/16DJCMO TODAY : 21st Century Fox Faces Federal Probe
02/15 GLOBAL FIRST : Star India and TED Announce Greenlight of “TED Talks India:..
02/13DJStartup Backed by Spielberg and Studios Seeks to Create VR Experiences for Ma..
02/13DJStartup Backed by Spielberg and Studios Seeks to Create VR Experiences for Ma..
02/10 TWENTY FIRST CENTURY FOX : Thomas Gaissmaier Named Executive Vice President, Chi..
02/10 TWENTY FIRST CENTURY FOX : Thomas Gaissmaier Named Executive Vice President, Chi..
02/09 TWENTY FIRST CENTURY FOX : Twentieth Century Fox Film Names Emma Watts Vice Chai..
02/08DJTWENTY FIRST CENTURY FOX : Fox Takes in $350 Million From Tepid FCC Airwaves Auc..
More news
Sector news : Entertainment Production - NEC
02/26DJUniversal Pictures' 'Get Out' Leads at Box Office
02/24DJCorrection to Vivendi Story Published Thursday
02/24DJVIVENDI : Shares Hit Hard by Fall in Profit -- 2nd Update
02/24DJTime Warner to Sell TV Station Amid AT&T Merger
02/23 Time Warner to sell TV station as it seeks AT&T merger OK
More sector news : Entertainment Production - NEC
Advertisement
Financials ($)
Sales 2017 28 834 M
EBIT 2017 6 638 M
Net income 2017 3 305 M
Debt 2017 12 296 M
Yield 2017 1,28%
P/E ratio 2017 17,05
P/E ratio 2018 14,81
EV / Sales 2017 2,38x
EV / Sales 2018 2,20x
Capitalization 56 351 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 34,1 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James Rupert Murdoch Chief Executive Officer & Director
Lachlan Keith Murdoch Executive Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
John P. Nallen Chief Financial Officer & Senior Executive VP
Paul Cheesbrough Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NEWS CORP56 351
TWENTY-FIRST CENTURY F..9.17%56 351
VIVENDI-9.61%22 163
VIACOM, INC.25.04%17 556
LIONS GATE ENTERTAINME..1.04%5 316
DOLBY LABORATORIES, IN..8.52%4 999
More Results