Arab Today, arab today murdoch pulls bskyb bid amid uk hacking scandal
Last Updated : GMT 03:41:48
Arab Today, arab today
Arab Today, arab today

Murdoch pulls BSkyB bid amid UK hacking scandal

Arab Today, arab today

Arab Today, arab today Murdoch pulls BSkyB bid amid UK hacking scandal

London - AFP

Rupert Murdoch dramatically dropped his bid for control of pay-TV giant BSkyB Wednesday, finally bowing to pressure from the British government over the phone hacking scandal at his newspaper empire. Hours after Prime Minister David Cameron backed an opposition parliamentary motion calling for the withdrawal of the bid, Murdoch\'s News Corporation said it was now \"too difficult to progress in this climate\". Cameron\'s Downing Street office welcomed the news, saying the Australian-born tycoon should focus on getting his business in order after the hacking scandal which forced the closure of the News of the World tabloid on Sunday. The hacking of voicemails including those of a murdered girl and the families of dead soldiers released a tide of public outrage which has threatened to sink the empire of Murdoch, for decades Britain\'s political kingmaker. \"We believed that the proposed acquisition of BSkyB by News Corporation would benefit both companies but it has become clear that it is too difficult to progress in this climate,\" said News Corp. deputy chairman Chase Carey. In a statement, Carey said News Corp. would remain a \"committed long-term shareholder\" in BSkyB. It currently owns 39 percent of the satellite broadcaster\'s shares and wanted to purchase the remaining 61 percent. The BSkyB bid had been seen as crucial for News Corp. as the broadcaster has a portfolio including live English Premier League football and blockbuster films, and this year reached its target of 10 million household subscribers. A Downing Street statement said: \"We welcome the news. As the prime minister has said, the business should focus on clearing up the mess and getting its own house in order.\" The announcement came shortly before Britain\'s parliament was set to vote on a motion introduced by Ed Miliband, leader of the opposition Labour party, calling on Murdoch to drop the bid. Cameron told parliament earlier Wednesday he would support it, in a rare show of cross-party unity. The pressure on Murdoch looked set to continue as Cameron called for \"root and branch change\" at his British newspaper group, News International, and warned that executives found guilty of wrongdoing could be barred from future roles in British media. Cameron also announced the details of a full public inquiry into the phone hacking scandal, saying that it would also cover the relationships between politicians and the media. \"There is a firestorm that is engulfing parts of the media, parts of the police and indeed parts of the political system,\" Cameron told lawmakers. He said he had personally ensured that a full public inquiry into the scandal, to be led by Lord Justice Brian Leveson, would have the power to summon newspaper proprietors, in a clear nod to Murdoch. He also warned that those found to be responsible for the wrongdoing, who sanctioned it or covered it up, must \"have no future role in the running of a media company in our country\". Murdoch, his son James -- the chairman of BSkyB and an executive at News Corp. -- and Brooks have been called to give evidence to lawmakers next week over phone hacking and claims that newspapers payed police for information. It was reported separately that Tom Crone, News International\'s legal manager, had left the company after 26 years. In the United States, Senate Commerce Committee Chairman Jay Rockefeller called for an investigation to see if the phone-hacking scandal had spread to Murdoch\'s US operations, saying there could be \"severe\" consequences. News Corp\'s shares have plummeted in the past week, and the Murdoch-owned Wall Street Journal reported that the media tycoon was considering selling off his remaining British newspapers, The Times, The Sunday Times and The Sun. The Australian arm of News Corp separately announced a review of its editorial expenditure over the last three years in a bid to reassure the public that illegal phone-hacking practices in Britain had not taken place there too.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today murdoch pulls bskyb bid amid uk hacking scandal Arab Today, arab today murdoch pulls bskyb bid amid uk hacking scandal

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 19:03 2017 Friday ,24 February

PJD Slams Assabah Newspaper over Allegations

GMT 15:42 2017 Thursday ,23 February

Information Minister delivers lecture at RCSC

GMT 14:13 2017 Thursday ,23 February

International media conference concludes

GMT 19:28 2017 Tuesday ,21 February

McCain criticizes Trump over continued media attacks

GMT 10:17 2017 Tuesday ,21 February

Dh56,000 of fines for illegal adverts around Abu Dhabi

GMT 15:27 2017 Monday ,20 February

Trump calls media ‘enemy of American people’
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday