News Of The World, Phone-hacking | featured news

Rupert Murdoch's News International has settled nearly all cases in the first wave of phone hacking lawsuits brought against his company.

A phone hacking scandal may have cost Rupert Murdoch his biggest-selling newspaper in 2011, but the billionaire media mogul managed to end the year with a modest addition to his empire -- an account on Twitter.

Horror stories of car chases, intense paranoia, spitting paparazzi, and most of all an ineffective regulatory system peppered today’s inquiry into News Corp’s News Of The World phone hacking scandal by a British government-backed inquiry into UK press ethics and practices. Notably appearing in London Thursday were actress Sienna Miller and Harry Potter author JK Rowling.

James Murdoch has resigned from the boards of the companies that publish its British newspapers including the now-defunct News of the World tabloid at the center of the phone hacking sandal, regulatory filings show.

A lawyer for many of Britain's phone hacking victims said Friday that legal action would be launched in the United States against Rupert Murdoch's News Corp.

News International is expected to pay about three million pounds($4.7 million) to settle hacking claims by the family of murder victim Milly Dowler against the now defunct News of the World newspaper, sources close to the case told Reuters on Monday.

Former senior News Corp. executive Les Hinton is being recalled to testify before a parliamentary committee over a phone-hacking scandal involving journalists at the now defunct News of the World newspaper, a spokesman for the panel said Tuesday.

James Murdoch was aware that another News of the World reporter was seemingly implicated in illegal tapping, despite his statements to the contrary, say two top executives of the now-defunct newspaper. Media executive James Murdoch knew of a damaging piece of evidence three years ago that phone hacking was practiced by more than one reporter at the News of the World tabloid, despite his statements to the contrary, two of his former colleagues said Tuesday.

Even as his company weathers its biggest crisis ever, Rupert Murdoch is still pulling in a huge salary from News Corp.Regulatory filings released on Friday showed that Murdoch's total compensation for the 2011 fiscal year was $33.3 million. As technology writer Peter Kafka noted, this included a $12.5 million bonus. Murdoch also received $8.5 million in stock.

Harbottle & Lewis, the law firm embroiled in the phone-hacking scandal sweeping Rupert Murdoch's News of the World newspaper, has taken the unusual step of fighting back against its former client to preserve its reputation.