Rupert Murdoch not fit to run a major company, British panel says

“The Company fully acknowledges significant wrongdoing at News of the World and apologizes to everyone whose privacy was invaded,” the firm said.

The news just keeps getting worse for media baron Rupert Murdoch.

In a scathingly worded report growing out of the long-running British phone-tapping scandal, a parliamentary committee on Tuesday declared Murdoch “not a fit person” to run a major company — an embarrassing decree that has no immediate effect but further darkens the cloud over Murdoch’s British media operations.

Murdoch, the 81-year-old chief executive of New York-based News Corp., has been beset for many months by the scandal, which involved illegal prying by his British newspaper journalists and hired investigators into the phone accounts of hundreds of British celebrities, executives and newsworthy individuals. British investigators are also looking into accusations of widespread bribery of police and government officials and a coverup by executives of Murdoch’s British newspaper arm, News International.

The fallout hasn’t traveled across the Atlantic to the United States, where Murdoch and News Corp. own their largest and most profitable assets, including Fox News Channel, the Fox broadcast network and the 20th Century Fox studio.

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Original source.


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