ANOTHER DAY THAT SHOOK THE MURDOCH EMPIRE July 12, 2011 8:00am Chairman of the home affairs committee Keith Vaz calls for information on “precisely what the officers did” in relation to the first investigation. 8:45am Gordon Brown says he was “in tears” when the Sun told him it would run a story about his son’s medical condition. He is careful not to claim reporters broke [...]
How the hacking scandal has hit the Sky brand July 12, 2011 THE last week has been dominated by phone hacking news. It is clear that the public disapproves of the practices used and there is general support for the closure of the News of the World – from the YouGov poll for the Sunday Times; 73 per cent think it is never acceptable for journalists to [...]
News Corp puts Sky bid on hold July 11, 2011 ■ Competition Commission probe to last up to a year ■ Gordon Brown says sick son was target of News Int NEWS CORP yesterday made the shock decision to effectively put its bid for BSkyB on ice for up to a year. Rupert Murdoch’s firm withdrew concessions made to the media watchdog over the takeover, triggering [...]
Sky sinks as investors mull a future without Murdoch July 11, 2011 SHARES IN BSkyB were rocked yesterday by the revelation News Corp will not be making a bid – at least not in the short term. It closed down 4.6 per cent at 715p after earlier falling below 700p for the first time in almost a year. One of BSkyB’s major shareholders yesterday said News Corp’s bid [...]
HOW A BAD DAY JUST KEPT ON GETTING WORSE FOR NEWS CORP July 11, 2011 10:20am Nick Clegg calls for Rebekah Brooks to step down after meeting with murdered schoolgirl Milly Dowler’s mother and sister. He also urges Rupert Murdoch to “do the decent thing” and drop his bid for BSkyB. Brian Paddick calls for a public inquiry. 11:30am Labour leader Ed Miliband, who has maintained a high profile throughout [...]
Bargain hunters should start fishing – but broadcaster is not without risks July 11, 2011 THE sell-off in BSkyB continued apace yesterday, as arbitrage traders piled out of the stock faster than you could shout “the deal is off”. The satellite broadcaster is still a brilliant company, however – one of Britain’s best: bargain hunters should take note. Analysts at Citi point out that BSkyB was trading at 600p a [...]
McIlroy can double up and be the pride of St George’s July 11, 2011 IN TERMS of prestige and history there is no other tournament that can hold a light to the Open and I’m sure this year’s instalment will provide many more memorable moments. The event returns to Royal St George’s after an eight-year absence and the course will provide all the usual tests you expect of an [...]
China’s economy looks to be on shaky ground July 11, 2011 INFLATION in China hasn’t been tamed. Statistics released at the weekend suggest annual inflation for June is running at 6.4 per cent, up from 5.5 per cent in May; while food inflation for June shot up 2.7 per cent on the month to 14.4 per cent. Tomorrow, China will release its GDP statistics, which are [...]
Murdoch’s BSkyB bid referred to Competition Commission July 11, 2011 The government and Rupert Murdoch have referred the bid to buy broadcaster BSkyB to the competition watchdog, opening a lengthy review to sideline it from the political and public backlash from the phone-hacking scandal. Fresh allegations of more widespread hacking and theft of data from figures including former prime minister and chancellor Gordon Brown have [...]
Murdoch: She is my top priority July 10, 2011 THE News of the World may have printed the final edition in its 168-year-old history but the political maelstrom raging around the phone hacking scandal continues to gather pace. Rupert Murdoch flew into the UK yesterday for emergency talks with Rebekah Brooks, head of his UK newspaper business News International, amid growing concerns the scandal [...]