Bad News For Rupert Murdoch As Panel Finds Him Unfit To Lead

Tyler Durden's picture

The parliamentary panel set up to determine the fate of Rupert Murdoch has spoken and it is not looking good for the media mogul whose empire is slowly being dismantled bit by bit:

  • RUPERT MURDOCH NOT `FIT' TO LEAD MAJOR COMPANY, PANEL SAYS
  • NEWS CORP. GUILTY OF WILFULL BLINDNESS OVER PHONE HACKING
  • MURDOCH EXECUTIVES MISLED PARLIAMENT OVER PHONE HACKING
  • NEWS CORP. STRATEGY WAS TO PROTECT JAMES MURDOCH, PANEL SAYS

We wonder what tipped them off: the years and years of accrued anger and hatred against a man who always had the trump card, which as it turned out was planted in various phone receivers across the country? Or maybe that giving a media company monopoly rights is not the best idea.

From BBC:

Rupert Murdoch "is not a fit person to exercise the stewardship of a major international company", MPs have said.

 

The cross-party culture committee questioned journalists and bosses at the now closed paper, as well as police and lawyers for hacking victims.

 

It concluded that Mr Murdoch exhibited "wilful blindness" to what was going on in his media empire.

 

And it said the News of the World and News International misled Parliament about the scale of phone hacking.

 

The committee of MPs began its inquiry in July 2011 in the wake of fresh newspaper revelations about the extent of hacking at the tabloid newspaper, with reported victims including the murdered schoolgirl Milly Dowler and the families of victims of the 7/7 London bombings.

More as we see it.

Live webcast of the panel here: