Tag Archives: bskyb

Rebekah Brooks, Witness for the Prosecution

By Michael Collins

Criminal charges against Rupert Murdoch insider and favorite Rebekah Brooks may be a prelude to looming charges arising out of Brooaks’ testimony before the Leveson Inquiry last week.

Crown Prosecution Services charged Brooks, her husband, and four others with conspiracy to pervert the course of justice on Tuesday May 15. The alleged conspiracy took place between July 6 and July 19, 2011.

Brooks and the co-conspirators concealed and removed materials sought by police in their investigation of phone hacking by Rupert Murdoch’s News Corporation subsidiary, News International, according to prosecutors. Brooks resigned as chief executive officer of the subsidiary on July 15, 2011. (Image: SnowViolent)

Brooks’ current legal troubles should not obscure the significance of her testimony before the Leveson Inquiry last week. During her several hours on the witness stand, she was confronted with an explosive email that, if true, implicates Conservative Party Culture Secretary Jeremy Hunt in a conspiracy to pervert the British regulatory process in favor of News Corporation’s bid to acquire the ten-million-subscriber pay TV company BSkyB. News Corp owns 39% of the company. It sought the remaining 61%. Continue reading

Murdoch Watch – the Kiss of Death

By Michael Collins

When things don’t work out, doing business with Murdoch can be the kiss of death.

No matter how hard you try, how loyal you are, if something goes wrong, you can be sure it will be your fault.

Reporting has failed to lay the proper foundation for understanding Rupert Murdoch’s remarkable testimony before the Leveson Inquiry in London and his behavior of late.

Rupert Murdoch is a nihilist.

Murdoch’s television outlets in the United States stoked the fires for the 2003 invasion of Iraq based on outrageous misrepresentations like the idea that Saddam Hussein was responsible for the 9/11 attacks. The war cost tens of thousands of dead and seriously injured U.S. soldiers, several hundred thousand dead Iraqi civilians, and $3 trillion. (Image: acb) Continue reading

Rupert watch – signaling the end

By Michael Collins

Rupert Murdoch’s reign over the $33 billion News Corporation hinges on events surrounding the company’s ownership share of Britain’s dominant pay TV network, BSkyB (Sky). As Business Insider said, “it’s the only asset that really matters” in the News Corp collection of media properties.

As a result of Murdoch scandals, News Corp lost the chance to buy 100% of Sky’s shares. More troubling for the media monarch, the company may lose the 39% interest it already holds if British regulators determine that Murdoch is not a fit and proper owner. This would fuel the major News Corp shareholder suits in Delaware and New York that seek to remove Murdoch as board chairman and vastly diminish his power and that of his family and cronies.

Sky reaches 25 million viewers in 10 million homes. Revenues are growing at 10% a year with adjusted operating profit growth averaging around 16% of revenues (see 2009 through 2011). Revenues from 2012 through 2016 should top $70 billion total with adjusted operating profits around $11 billion. What happens with Sky really matters. Continue reading

Where’s the criminal investigation of the Murdoch Empire? Shareholders to the rescue

By Michael Collins

There was something tawdry and disgusting about the phone hacking by Rupert Murdoch’s News of the World. The News Corporation owned tabloid hacked the phone mails of several thousand citizens of Great Britain. Victims included celebrities, politicians, and even a murdered eleven year old kidnap victim.

But that wasn’t enough to generate type of criminal investigation of News Corporation that would topple Rupert Murdoch and his clan from the throne of the $30 billion News Corporation.

The current revelations of cable television hacking, laid out in detail by Australia’s Financial Review and the BBC, provide a more concrete connection between outright criminality and the Murdoch run media giant. This alleged criminal behavior involves hackers on the payroll of a former Murdoch controlled Israel based company, NDS, and the demise of cable television competitors in Great Britain, the United States, and Australia due to that activity.

These allegations are reinvigorating the institutional shareholders revolt that may be the end of the Murdoch clan’s control of News Corporation. Continue reading

Ray Adams is the man in the latest Murdoch scandal

By Michael Collins

Ray Adams is a name you will hear more frequently as the latest and perhaps most fatal Murdoch – News Corp. scandal emerges. Continue reading

Murdochs Mired in Fiction – Bearing False Witness

They invented and described an investigation and report that provided NoW with a clean bill of health in 2007. There’s just one problem with that assertion, according to the News International executives and outside counsel who supposedly conducted the investigation and provided a report. No such activities took place. No such report was issued.

The House of Commons committee investigating Rupert Murdoch’s United Kingdom media properties released new evidence this week. The evidence elaborates on themes generated at the committee hearing of July 19 and adds new information to the toxic brew that threatens to drown the largest media company in the world. (Images: Hubert Burda Media, L, World Economic Forum)
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Running Rupert to Ground – Vox Populi, Vox Dei

By Michael Collins

How will they get rid of Rupert Murdoch and his toxic enterprises?

July 4, 2011 may turn into the people’s Independence Day. On that day, stellar journalist Nick Davies of the Guardian released his story; Missing Milly Dowler’s voicemail was hacked by News of the World. Twelve year old Milly Dowler had been kidnapped with foul play feared. The Murdoch tabloid couldn’t resist. News of the World (the News) hired a private detective to hack Milly’s voicemail. Finding the mail box full, the News or its hired dick deleted existing messages to make room for new ones, all to fuel their ongoing coverage. The deleted messages raised hopes by Milly’s parents that she was still alive and using her voicemail. (Image)
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Is News Corp Finished? Sen. Rockefeller Tells Feds to Investigate Fox Hacking of 9/11 Victims

By Michael Collins

There are some crimes so universally offensive that even mentioning the suspected crime  has devastating effects.  Senator Jay Rockefeller (D-WV) raised just such a question yesterday.  In a brief press statement, the Senator said:

“The reported hacking by News Corporation newspapers against a range of individuals – including children – is offensive and a serious breach of journalistic ethics. This raises serious questions about whether the company has broken U.S. law, and I encourage the appropriate agencies to investigate to ensure that Americans have not had their privacy violated. I am concerned that the admitted phone hacking in London by the News Corp. may have extended to 9/11 victims or other Americans. If they did, the consequences will be severe.” Senator John D. Rockefeller IV, July 12

Rupert Murdoch’s News Corporation has used voicemail hacking and other forms of privacy intrusion in the United Kingdom as far back as 2002.

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