Lewis has said that there are “so many American aspects” to the hacking scandal, including potential American victims of hacking and the possibility that News Corp. executives have withheld “material information” from shareholders and potential investors.
Media Empire Endures But Murdoch More and More Isolated
Writing in the Associated Press, Raphael Satter describes how what he calls not the hacking scandal, but the Murdoch scandal, is following a “classic script” for the rise and fall of a media baron:
“Scrappy outsider turns modest newspaper business into international media conglomerate. Ambition turns to hubris. Mogul dramatically falls from grace.”
Murdoch’s star has surely been tarnished — blackened — in the U.K. Prime Minister David Cameron, who made a special trip to Murdoch’s yacht in 2008 to “receive his blessing” said last week that “we all did too much cozying up to Rupert Murdoch.” Just on Tuesday, the Guardian reported that Cameron texted Rebekah Brooks to “keep her head up” in the week before she resigned as CEO of News International and prior to what has turned out to be the first of two arrests for her.
Murdoch still possesses the vast share of his media holdings, and is the head of a “fabulously successful media company.” News Corp.’s share price has remained high despite months of reports about the scandal and the company just reported a big gain in its quarterly profits on Wednesday: For the three months up to March, the company’s net profit rose to $1 billion, as compared to $682 million in the same period last year. In the U.S., the Fox News network, whose decidedly unfair and unbalanced version of the news is what New York Times columnist Bill Keller calls Murdoch’s ”most toxic legacy,” continues to attract legions of viewers while annoying and outraging many of us.
Increasingly isolated in Britain, and certainly despised in the U.S., Murdoch has, writes Satter, become like a figure in the closing scene of Citizen Kane, “successful, wealthy, but unloved.”
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