News Corp shares tumble in New York as Murdoch crisis spreads to the U.S. (click title to entry - thank you)
By This Is Money ReportersLast updated at 4:11 PM on 11th July 2011
...Mr Murdoch now faces an uphill task in getting the deal - to buy the 61 per cent of BSkyB News Corp does not already own - past UK regulators and the Government....
I would hope so. The Brits are better off protecting "Sky News" from developing the same bad habits and contribute to social scandal and unemployment when it closes.
168 years. That is unheard of. To have a scandal shutter the doors of a news paper that reported information about the British Luxury Liner Titanic. At least the archives are worth something. The depth this culture lives within the vast media and political giant "NewsCorp" must be extentive for Murdoch to take this drastic a measure.
I always wondered why Murdoch became a USA citizen. He didn't have to in order to enjoy his wealth and fame. Then with this scandal I realized, in the USA a journalist is protected from being Guilty until proven innocent. Presumed innocense in the USA has got to have been a venue for freedom Murdoch longer for when and if his media circus was hitting rough times in the UK.
Ever wonder why people that love Murdoch's media always assume 'Guilt' until proven innocent. Prime example is the President's Birth Certificate. That 'mind set' is a clear departure from the CULTURE of Americans. Is powerful in a democracy that bases its law on Innocent until proven guilty. It is powerful for citizens of the USA to believe they know the guilt of politicians that are completely innocent of the suspicions and demands for proof of innocense. What a paradigm shift that is. Personal power by a media that mastered it and of course the guilty always, always lie.
I made this entry a few days ago and Murdoch has recovered the price of News Corps stock himself. A lawsuit based in nepotism was the cause.
