The British parliamentary select committee investigating phone hacking at News Corp.’s tabloids in London has concluded that Rupert Murdoch is “not fit” to run his newspaper empire.It is not clear what legal consequences the conclusion has, but Bloomberg reports that it increases the chances that the U.K.’s broadcast TV regulator could strip Murdoch of some of his TV holdings.
- You can download the full 125-page report here.
Here’s the most damning paragraph (emphasis added):
“On the basis of the facts and evidence before the Committee, we conclude that, if at all relevant times Rupert Murdoch did not take steps to become fully informed about phone-hacking, he turned a blind eye and exhibited willful blindness to what was going on in his companies and publications. This culture, we consider, permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International. We conclude, therefore, that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company.”
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