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Tuesday, July 19, 2011 . 0 word(s) .

Britain Phone Hacking Scandal

Rupert Murdoch shut down the tabloid (News of the World) in response to a widening phone-hacking scandal.

Who is Rupert Murdoch? (resource: Wiki)

Keith Rupert Murdoch, is an Australian American media mogul and the Chairman and CEO of News Corporation. Beginning with one newspaper in Adelaide, Murdoch acquired and started other publications in his native Australia before expanding News Corp into the United Kingdom, United States and Asian media markets. Although it was in Australia in the late 1950s that he first dabbled in television, he later sold these assets, and News Corp's Australian current media interests (still mainly in print) are restricted by cross-media ownership rules. Murdoch's first permanent foray into TV was in the USA, where he created Fox Broadcasting Company in 1986. In the 2000s, he became a leading investor in satellite television, the film industry and the Internet, and purchased a respected business newspaper, The Wall Street Journal. Rupert Murdoch was listed three times in the Time 100 as among the most influential people in the world. He is ranked 13th most powerful person in the world in the 2010 Forbes' The World's Most Powerful People list.[3] With a net worth of US$6.3 billion, he is ranked 117th wealthiest person in the world.

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