Monday 23rd of December 2024

scratch his back and...

WSJ

The Wall Street Journal Europe – owned by Rupert Murdoch's News Corporation – was mired in controversy yesterday as its publisher quit over fears the newspaper had "crossed the boundary" between editorial content and advertising.

Andrew Langhoff sent a memo to colleagues at Dow Jones – which produces The Wall Street Journal – saying: "I wanted to let you know myself that I have decided to resign." He added that it was "the most honourable course". The move comes at a time when the "culture, practices and ethics of the press" in the UK and of News Corporation have come under close scrutiny by Lord Justice Leveson.

Mr Langhoff said: "There is – and should be – an inviolable boundary between our commercial relationships and the content we produce.

http://www.independent.co.uk/news/media/press/murdoch-man-quits-in-ethics-row-2369228.html

cross promo...

Lord Leveson's inquiry, announced by Prime Minister David Cameron in July, has the remit to particularly scrutinise another part of News Corporation's business. It will focus on the improper conduct within its European arm News International, especially the News of the World, which was subsequently shut down.

Sir Harold Evans, the former editor of The Sunday Times, resigned a year after Mr Murdoch bought the newspapers in 1981 complaining about editorial independence.

He wrote earlier this year that the company's newspapers "blatantly used news columns to plug their proprietor's satellite programmes".

http://www.independent.co.uk/news/media/press/murdoch-man-quits-in-ethics-row-2369228.html

failure of independence...

THERE IS growing pressure for Rupert Murdoch and his son James to step down from their respective positions as CEO and deputy chief operating officer of NewsCorp following a report by the largest investor advisory group in the US, Institutional Shareholder Services (ISS).

The ISS said this year's phone hacking scandal had "laid bare a striking lack of stewardship and failure of independence". It blamed the board for failing to draw a line under the issue, which has "now resulted in enormous costs – financial, legal, regulatory, reputational and opportunity – for the shareholders the board ostensibly serves".


Read more: http://www.thefirstpost.co.uk/85717,business,news-corporation-shareholders-advised-to-fire-james-and-rupert-murdoch#ixzz1aYH7DGKH