Monday, July 18, 2011

Murdoch's Empire in Crisis

Barrett & Gillette, Bloomberg BusinessWeek
On July 19, Rupert Murdoch is scheduled to sit before a U.K. parliamentary committee investigating the phone hacking and corruption scandal engulfing his media empire. For Americans the setting may be exotic, but the structure of the drama will feel familiar. An executive stares down grandstanding legislators and makes a choice: a tight-lipped defense of conduct or an apology for prior sins.Murdoch—the Oxford-educated son of an Australian newspaper man—did not forge himself into the chief executive officer of the 21st century’s dominant global media empire...

Source: http://www.realclearpolitics.com/2011/07/18/murdoch039s_empire_in_crisis_259562.html

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