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