Murdoch Meltdown

[DanaC]

Any of you following the news about Murdoch's UK business going into meltdown?

The News of the World, owned by Murdoch's News International has now closed. (a paper that has been in print since the mid 19th century!)

The rot appears to stretch through the whole tabloid industry, though it is only NoTW that seems to be in the firing line.

There are questions in the House about payments to police, illegal phonehacking (including the hacking of a missing 13 year old's phone, shortly prior to her being found dead, the phones of relatives of 7/11 victims, and likewise relatives of soldiers killed in Afghanistan.

Murdoch's bid for the remaining 70% shares of BSkyB (major broadcasting satellite network here) is looking increasingly under threat: but if it is decided the organisation is not 'Fit and proper' that could also mean them having to give up their current 30% share.

BSkyB's stock is plummetting.

People have already been jailed (2 years ago I think) now more have been arrested including a former press advisor to Prime Minister Cameron.

More is coming out every day.