CONFIDENTIAL Documents Leave Questions about Murdoch's News Corp.'s Involvement in Scandal...

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Thursday August 07, 2008 · 2:24 PM PDT

2008/08/07 · 14:24

Metrommedia International Group MIG, whose largest outside shareholder was Rupert Murdoch’s Newscorp, is embroiled in controversy again with the release of confidential (now public) documents by an Iowa congressional hearing. These documents include an investigation firm’s report which shows evidence that Chairmen and CEO Mark Huaf was being bribed by Sistema, a group which later bought Metromedia assets extremely cheaply after MIG collapsed. In addition, deposition statements of top MIG executives were released, including the deposition of Matthew Mosner who stated regarding a private investigation firm’s report, "...that report was distributed pretty widely amongst the management of the company."

Why was Mark Hauf, who was being investigated for possible bribery, promoted to CEO and chairmen of the board of directors, but general counsel Matthew Mosner, who was working with the private investigators, suddenly resign?

Poll

23 votes Show Results

Should Metromedia, its former executives, and board members be investigated by the SEC?

23 votes Vote Now!

Should Metromedia, its former executives, and board members be investigated by the SEC?

Yes, there's enough evidence to at least move forward with an investigation.

23 votes

No, what's done is done and there still isn't enough evidence.

0 votes

Murdoch’s Political Escapades – Conflict of Interest??

OuncesLbs

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Friday July 25, 2008 · 3:42 PM PDT

2008/07/25 · 15:42

In 2002, Metromedia International Group (whose largest outside shareholder was Rupert Murdoch’s News Corp.) started to run into trouble, eventually ending with the stock crashing from $20 to only 1 CENT (more details at http://www.dailykos.com/... The chief reasons for this MASSIVE DEVALUATION were numerous legal violations and missing assets in the realm of over $140 million. However, before any of these acts occurred, multiple Senators, holding crucial seats on committees which would be responsible for investigating the events to come, received $1,000 contributions from Murdoch and top Metromedia Execs. Is this really just a coincidence?

Poll

10 votes Show Results

Did Murdoch's donations conflict with the interests of other Metromedia shareholders?

10 votes Vote Now!

Did Murdoch's donations conflict with the interests of other Metromedia shareholders?

Yes they conflicted, shareholders were cut off from their congressmen by these donations.

6 votes

Possibly, may have contributed to lack of cooperation.

2 votes

No, Murdoch can donate to whoever he wants to.

2 votes

Murdoch Strikes Again!!!

OuncesLbs

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Wednesday July 16, 2008 · 2:43 PM PDT

2008/07/16 · 14:43

Approximately $150 million dollars in missing assets and unverified "intercompany" loans in the range of $275-550 million in 2002 alone. Blatant Sarbanes Oxley Act violations, Foreign Corrupt Practices Act violations, and the devaluing of a company’s stock from $20 to only 1 CENT!! ; all of this can now be put on Metromedia International Group’s resume` (Rupert Murdoch's News Corp. and its subsidiary, News America, were listed as the largest outside or not-Metromedia-employed controlling shareholders). There were MASSIVE losses for investors in Metromedia International Group, many of whom were small time, private investors who used their retirement money for this stock (Enron comes to mind...except it was only worth $1 billion and this company had assets worth OVER 6 TIMES THE ASSETS OF ENRON’S OR MORE).

Poll

34 votes Show Results

Is Murdoch Liable for Metromedia's Losses?

34 votes Vote Now!

Is Murdoch Liable for Metromedia's Losses?

Yes, he's the biggest investor and was responsible for company stability.

25 votes

Partly, he could have helped.

3 votes

No, he's just an investor and not liable for company actions.

6 votes

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