“whats happening in Britain is eating News Corp up-an extraordinary corporate death is taking place" [View all]

[kpete]

FRI MAY 04, 2012 AT 02:00 PM PDT
Murdochgate: "Extraordinary Corporate Death is Taking Place." + Cameron in a Panic
byericlewis0


The Financial Times has just published a review of four different Murdochgate books. An excerpt:

The world in which he moved so freely is closing in on Rupert Murdoch. A committee of British MPs has judged him “not a fit person to exercise the stewardship of a major international company”. He faces regulatory and legal challenges in the three Anglophone countries in which he has been most powerful – Australia, the UK and the US. The British tabloids that once fuelled his expansion are faltering, the aggression and distortions of their journalism held up to ridicule and contempt.

Tom Watson, the Labour MP who levered himself up from lonely railer against a scornful empire into one of its most doughty enemies, writes at the end of Dial M for Murdoch, co-authored with Martin Hickman of the Independent, that Murdoch’s company, News Corporation, “may not be strong enough to withstand” all that is still to be thrown against it. He quotes Michael Wolff, Murdoch’s most obsessive (and most bet-hedging) chronicler, as writing that “what’s happening in Britain is eating News Corp up ... an extraordinary corporate death is taking place”.

(bolding by diarist)
http://www.ft.com/intl/cms/s/2/2ab8d1f0-9456-11e1-bb47-00144feab49a.html#axzz1tw03VM7e

http://www.dailykos.com/story/2012/05/04/1088821/-Murdochgate-Extraordinary-Corporate-Death-is-Taking-Place-Cameron-in-a-Panic