Arab Today, arab today murdoch pulls bskyb bid amid uk hacking scandal
Last Updated : GMT 16:50:38
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.

arabstoday
arabstoday

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

 



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 Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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