LONDON (Reuters) – The British newspaper arm of Rupert Murdoch’s News Corp settled a string of legal claims over phone hacking on Thursday, and said this was not an admission that management had known about the practice or tried to cover it up.
Murdoch’s News International had claimed for years that the hacking of voicemails to generate stories was the work of a single “rogue” reporter who went to jail for the crime in 2007.
LONDON (Reuters) – The British newspaper arm of Rupert Murdoch’s News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims’ lawyers said on Thursday.
In a statement that could further damage the company’s reputation, lawyers for victims who have reached settlements said the agreements were based on News Group Newspapers acknowledging senior executives tried to hide evidence.
LONDON, Jan 19 (Reuters) – British publisher Pearson
has raised 2011 earnings guidance for the third time in
three months after a strong year-end season, saying it now
expected 10 percent growth in adjusted earnings per share.
The new guidance from Pearson, which owns the world’s
biggest education technology business, the Financial Times and
Penguin books, implied EPS of 85.25 pence. It had previously
guided to EPS of 83 pence, up from 77.5 pence in 2010.
LONDON (Reuters) – NetMediaEurope is on the hunt for acquisitions in Britain and France after beefing up its German presence last week by buying the popular IT websites ZDNet.de, CNET.de and silicon.de.
Chief Executive Dominique Busso also told Reuters in an interview he saw 2012 as a year of consolidation in the business technology publishing market, which has been shrinking as advertising budgets contract, with many titles moving to online-only publication or closing altogether.
LONDON, Jan 18 (Reuters) – News International, the
British arm of News Corp that includes the now-defunct
News of the World, is close to settling many of the high-profile
phone-hacking cases brought against it, lawyers for the victims
told Reuters on Wednesday.
A spokeswoman for News International declined to comment
ahead of a pre-trial hearing which is due to take place on
Thursday morning in front of a judge who is set to begin hearing
test cases next month.
LONDON (Reuters) – Showbusiness reporters at Britain’s Daily Mirror might have secretly engaged in phone-hacking in the past, the tabloid’s editor told an inquiry on Monday, in an admission that could embarrass owners Trinity Mirror.
Asked at the Leveson Inquiry into press standards whether phone-hacking could have been going on and hidden from him while he was the paper’s showbusiness editor between 1999 and 2000, Richard Wallace replied: “It might well have been.”
LONDON, Jan 16 (Reuters) – Showbusiness reporters at
Britain’s Daily Mirror might have secretly engaged in
phone-hacking in the past, the tabloid’s editor told an inquiry
on Monday, in an admission that could embarrass owners Trinity
Asked at the Leveson Inquiry into press standards whether
phone-hacking could have been going on and hidden from him while
he was the paper’s showbusiness editor between 1999 and 2000,
Richard Wallace replied: “It might well have been.”
LONDON, Jan 13 (Reuters) – A British student will
learn on Friday whether he is to be extradited to the United
States for breaching U.S. copyright law by running a website
that allowed users to access films and TV programmes illegally,
in the first case of its kind.
Richard O’Dwyer’s website, TV Shack, provided links to other
websites where users could access content but did not host any
of the content itself.
LONDON (Reuters) – A quiet Internet revolution begins on Thursday. Organizations can begin applying to name and run their own domains instead of entrusting them to the operators of .com, .org, .gov and others.
Up to 2,000 applications are expected to be made to ICANN, the body that oversees the Internet’s naming system for so-called “top-level” international domains. The window to grab some virtual real estate will close in three months’ time, probably for years.
LONDON, Jan 9 (Reuters) – U.S. online DVD rental
company Netflix (NFLX.O: Quote, Profile, Research) launched in Britain and Ireland on
Monday, taking on BSkyB’s (BSY.L: Quote, Profile, Research) premium drama and movies
offerings and prompting Amazon-owned (AMZN.O: Quote, Profile, Research) rival Lovefilm to
offer a new cut-price service.
In its first expansion outside the Americas, which the
company has said will push it into a loss this year, Netflix
said its prices and instant access to a broad range of online
entertainment would attract new customers.