Power corrupted the Murdoch empire’s journalism

By John Lloyd
July 13, 2011

By John Lloyd
The opinions expressed are his own.

There’s an old saying, which Scots still exchange with each other, usually humorously: “Aweel, ye ken noo” – well, you know now. It harks back to when Scots life was dominated by the stern Presbyterianism engrained into it by Calvin’s disciple, John Knox: when direct, personal accountability to God was at the center of the faith, and the Church of Scotland, the “Kirk,” policed the morals of society with enthusiastic rigor. “Well ye ken noo” was the generic cry of the godly to the un-godly, faced with the prospect of the fires of hell, having ignored the warnings of the faithful in a life of dissipation.

Advisory: David Cay Johnston column on Rupert Murdoch is withdrawn

By Reuters Staff
July 13, 2011

Please be advised that the David Cay Johnston column published on Tuesday stating that Rupert Murdoch’s U.S.-based News Corp made money on income taxes is wrong and has been withdrawn. News Corp’s filings show the company changed reporting conventions in its 2007 annual report when it reversed the way it showed positive and negative numbers. A new column correcting and explaining the error in more detail will be issued shortly.

Arthur Andersen. Anthony Weiner. News Corp?

July 13, 2011

Arthur Andersen. Anthony Weiner. News Corp?

Sure, it’s too early to “go there.” News Corp is an immense, diversified multi-national media conglomerate that has been widely reviled by many for more than a generation. For all of his detractors there are plenty of readers, viewers and shareholders who are just fine with Rupert Murdoch’s tabloidization and opinionization of the news business.

Can politicians finally escape Murdoch’s grasp?

By Bruce Page
July 11, 2011

By Bruce Page
The views expressed are his own.

The News of the World was a survivor, increasingly moribund, from dark, forgotten passages in British social history.

News of the World hacking scandal: UK’s Miliband speaks out

July 8, 2011

UK opposition leader Ed Miliband called on the British media to clean up its image and emphasized the need for a speedy public inquiry into the News of the World phone-hacking scandal. Watch clips of Miliband’s comments at a Thomson Reuters Newsmaker event below:

Is Murdoch free to destroy tabloid’s records?

By Alison Frankel
July 7, 2011

Editor’s note:

After this post was published, News Corp indicated that it did not plan any liquidation of assets in connection with the shutdown of the News of the World newspaper.  In the absence of a liquidation, the scenario laid out by Mark Stephens does not apply.

Closing a tabloid won’t stop the cheating culture

By David Callahan
July 7, 2011

By David Callahan
The views expressed are his own.

The demise of the News of the World after a phone hacking scandal will not change a troubling truth about tabloid journalism – or business in general these days: Bad ethics can yield big financial rewards and such are the upsides of cheating that even honest professionals may feel they must bend the rules to compete.

Tech wrap: Facebook zooms into video age

July 6, 2011

Starting today, Facebook users will have the option of holding one-on-one video calls with their friends directly from their account on the social network. The new Skype-powered video service marks a renewed effort by Facebook to cement itself as the go-to communications hub on the Web and serves as a response to Google’s recently launched Hangouts app, a similar video chatting feature that lets users on its Google+ social network chat with up to 10 people at once.

Tencent, De Wolfe among interested buyers for Myspace

April 7, 2011
De Wolfe and Murdoch in happier times (Photo: Reuters)

De Wolfe and Murdoch in happier times (Photo: Reuters)

Chinese Internet holding company Tencent, Myspace founder Chris De Wolfe and Myspace’s current management team are among the 20 odd names kicking the tires at the once might social network to see whether it’s worth buying outright or partnering in some sort of spin-out with current owner News Corp.

Today In Music: MySpace’s entertainment focus to lead to job cuts. Tomorrow perhaps?

January 11, 2011

We’d previously heard that MySpace is on course to cut jobs soon and AllThingsD today put that number at around 550 to 600 jobs and promises the announcement will be coming tomorrow.