News Corp, Phone Hacking Scandal | featured news

News Corp reaches a $139m (£91m) settlement with shareholders over complaints filed in relation to the UK phone hacking scandal.

Few seem to be enjoying the management meltdown at the venerable BBC more than Rupert Murdoch, the News Corp. chief whose rival British newspapers have been caught up in their own lengthy, embarrassing and expensive phone-hacking scandal....

David Cameron signed off messages to tabloid editor Rebekah Brooks with an affectionate "LOL", she told an inquiry on Friday, conjuring the embarrassing image of a British prime minister-in-waiting fawning over a Rupert Murdoch protégée.

Murdoch was smiling at the end of the day Thursday after News Corp. announced a profit increase that dwarfed their scandal-related expenses.

If the phone hacking scandal gripping Rupert Murdoch's News Corp. empire has a familiar ring, it might be because you've heard the story before. Scrappy outsider turns modest newspaper business into international media conglomerate. Ambition turns to hubris. Mogul dramatically falls from grace....