Tuesday, July 19, 2011

Interceptions, Murdoch to bid farewell

- Rupert Murdoch, the founder of News Corp, planned to leave the reins of his team for over a year. The Wall Street Journal reports on Tuesday, explaining that "even before the scandal emerged in recent weeks, Mr. Murdoch planned to resign from his post as CEO in favor of Chase Carey, chief operating officer of the group." "Under this scenario, Murdoch would remain as president," reports the business newspaper, citing sources familiar with the matter.

"Such a change - to the study of more than a year - would certainly have little effect on the group in the activity daily, but would have great symbolic importance," believes the Wall Street Journal. The wiretapping scandal that threatens to overwhelm News Corporation back in the spotlight of the British Parliament, with the hearings of the media mogul, son of James and Rebekah Brooks, a former chief executive of the British group Murdoch, News International, the first arrested and later released on bail.

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