Rupert Murdoch, News Corp | featured news

News Corp. owner Rupert Murdoch apologized for the phone-hacking scandal ignited by revelations about his News of the World newspaper in an advertisement to appear Saturday in British newspapers.

Rupert Murdoch on Thursday caved in to pressure from Britain's parliament to answer questions over alleged crimes at one of his newspapers and denied that News Corp was drawing up plans to separate its newspaper holdings.

Rupert Murdoch's dream of controlling a British broadcasting behemoth turned to ashes Wednesday as he withdrew his bid for BSkyB — the latest, biggest casualty of what Prime Minister David Cameron called the hacking "firestorm" sweeping through British politics, media and police.

Tom Crone, the legal manager at the Rupert Murdoch U.K. newspaper arm fighting widespread hacking allegations, has left the company, a source has told Reuters.

Former British prime minister Gordon Brown charged Tuesday that Rupert Murdoch’s newspapers hired “known criminals” to obtain information about him, and a senior police official said he was sure his own phone was hacked, as a mounting scandal threatened to further damage Murdoch’s media empire.

Britain was looking for a way out of approving media baron Rupert Murdoch's multi-billion dollar deal to buy broadcaster BSkyB amid a phone-hacking scandal.

Closing Britain's highest-selling newspaper, the 168-year-old News of the World, with just three days' notice in the wake of its phone-hacking scandal may feel like a nuclear option. In practice, it makes perfect commercial sense for Rupert Mudoch's News Corporation.

The News of the World, the British tabloid newspaper beset with a widening phone-hacking scandal, will shut down as result of the imbroglio, a top executive of its parent company said Thursday. The News, a feisty, hugely profitable daily that has been continuously published for 168 years, will cease publishing on Sunday, said James Murdoch, the son of media baron Rupert Murdoch, whose News Corp. owns the newspaper.

James Murdoch has moved one step closer to the top spot at News Corp., the media giant run by his father, Rupert Murdoch. Early Wednesday morning, News Corp. named James Murdoch deputy chief operating officer of the company and chairman and chief executive of its international operations.

The deal is widely seen as an effort by the News Corporation's Rupert Murdoch to bring his daughter Elisabeth back into his media empire.