News Corp Investors Brush Off Murdoch Woes



Shares in News Corporation have continued to perform strongly despite the flurry of bad press surrounding its owner Rupert Murdoch and UK newspaper arm News International.
The media tycoon is also facing calls from an influential UK shareholder group to step down as chairman from the US company because of ongoing newspaper phone hacking revelations.
As the 81-year-old gave evidence to the Leveson inquiry into media ethics, shares in News Corp stood at around $19 (£12) - 50% higher than two years ago, before any allegations of phone-hacking came to light.
Shares in the company took a dive last summer when the phone-hacking scandal first emerged but the latest scrutiny has not had the same... read more

 
25 April 2012 in Business, Views: 2
Source: Orange News
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