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View Diary: Murdoch : Court Action (31 comments)

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  •  Late breaking news. (3+ / 0-)
    Recommended by:
    ceebs, Woody, Creosote
    News Corporation has hired a senior executive from the Securities and Exchange Commission and a former federal prosecutor to lead new compliance teams at its newspaper and book publishing, TV and film divisions.

    News Corp's general counsel and chief compliance officer, Gerson Zweifach, has created the framework in response to the News of the World phone-hacking scandal which has tarnished the media conglomerate and cost it in excess of $224m to date.

    Five appointments will be made to beef up News Corp's compliance procedures, with a full announcement on the new framework expected later on Monday.

    What the Guardian calls centralization appear to re-unite the two halves of "New" News Corp - the separate print media and broadcast/entertainment "companies". I suspect that rather than insulating them from future action, it re-establishes a clear oversight link back to the holding company.

    Why doesn't Mitt Romney carry an iPhone? 1. He has staff to carry his cellphone 2. He has an Ann Droid.

    by Lib Dem FoP on Mon Oct 01, 2012 at 04:15:00 PM PDT

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