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Crash Borders Rupert Murdoch Scandal by phone Hacked
Media analysts, who see newspapers as a drag on News Corp., hope the imbroglio will cause the conglomerate to take an unsentimental look at the relatively low-performing and troublesome assets.
Aftershocks from the News of the World phone voice-mail hacking scandal continue to reverberate throughout News Corp. and Britain's establishment. Most recently, Scotland Yard Commissioner Paul Stephenson and Assistant Commissioner John Yates, both of whom had close ties to News International, resigned.
Rebekah Brooks, 43, the beleaguered former head of News International, was arrested Sunday in relation to the ongoing probe. Brooks was the editor of News of the World when, authorities allege, it hacked into the voice mails of the rich and famous as well as victims of crime and terrorism.
Struggling to contain the News of the World fire from spreading to the rest of the company, News Corp. said Monday it was tapping prominent British lawyer Lord Anthony Grabiner as independent chairman of its Management and Standards Committee, which is conducting an internal probe of the phone-hacking scandal.
Grabiner, 66, is a commercial lawyer in London whose resume includes a stint as chairman of the governors of the London School of Economics.
The Management and Standards Committee will report to Joel Klein, a News Corp. executive vice president and board member who has taken on a more prominent role in directing the company's handling of the crisis.
Klein, in turn, will report to Viet Dinh, an independent director of News Corp.'s board and chairman of its corporate governance committee. Dinh is a law professor at Georgetown University and had held senior positions on Capitol Hill.
Aftershocks from the News of the World phone voice-mail hacking scandal continue to reverberate throughout News Corp. and Britain's establishment. Most recently, Scotland Yard Commissioner Paul Stephenson and Assistant Commissioner John Yates, both of whom had close ties to News International, resigned.
Rebekah Brooks, 43, the beleaguered former head of News International, was arrested Sunday in relation to the ongoing probe. Brooks was the editor of News of the World when, authorities allege, it hacked into the voice mails of the rich and famous as well as victims of crime and terrorism.
Struggling to contain the News of the World fire from spreading to the rest of the company, News Corp. said Monday it was tapping prominent British lawyer Lord Anthony Grabiner as independent chairman of its Management and Standards Committee, which is conducting an internal probe of the phone-hacking scandal.
Grabiner, 66, is a commercial lawyer in London whose resume includes a stint as chairman of the governors of the London School of Economics.
The Management and Standards Committee will report to Joel Klein, a News Corp. executive vice president and board member who has taken on a more prominent role in directing the company's handling of the crisis.
Klein, in turn, will report to Viet Dinh, an independent director of News Corp.'s board and chairman of its corporate governance committee. Dinh is a law professor at Georgetown University and had held senior positions on Capitol Hill.
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| Crash Borders Rupert Murdoch Scandal by phone Hacked |
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