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Posts tagged News of the World
Scotland Yard Chief, Sir Paul Stephenson, resigned his post yesterday!
Jul 18th
Scotland Yard Chief, Sir Paul Stephenson, resigned his post on Sunday on the context of phone hacking scandal which resulted in the close down of 168 years old news paper “News of the World.”
Scotland Yard Chief resigned hours after former News of the World editor Rebekah Brooks was arrested.
Metropolitan Police Commissioner Sir Paul Stephenson resigned because of “accusations” about police links to News Corp.’s U.K. unit. Sir Paul has been facing accusations that he had compromised the investigation of phone hacking by his closeness to Mr. Wallis, former News of the World deputy editor, who was hired as a public relations adviser for Scotland Yard. More >
News Corp opts out of BSkyB bid
Jul 13th
News Corporation withdrew its bid to BSkyB because of the pressure from the public and parliament on Wednesday. Rupert Murdoch’s media group News Corporation previously bid to take full control of pay-TV company BSkyB.
“It has become clear that it is too difficult to progress in this climate,” Chase Carey, News Corp.’s Chief Operating Officer, said in an e-mailed statement today. He said News Corp. remains a committed long-term shareholder in BSkyB.
This move shattered News Corp’s key strategy for UK corporate growth. The proposed £8bn deal has been in process for more than a year starting from June 2010. News Corp will have to pay BSkyB a break fee of around £38.5m after walking away from the deal.
More than £3bn has been loosed from the value of BSkyB shares since the Guardian revealed that News of the World journalists had More >
News of the World shutting down after Phone-hacking Scandal!
Jul 11th
New of the World is the biggest selling Sunday tabloid paper in Britain which is shutting down its publication after 10th July 2011. The paper started its publication in 1843 and is successfully popular for over 168 years.
British Prime Minister David Cameron’s ordered for two inquiries to start when police wrap up their investigations.
The family of a murdered British girl whose phone was hacked by people working for the News of the World will meet Britain’s deputy prime minister Monday, keeping the scandal in the public eye despite the abrupt closure of the best-selling tabloid on Sunday.
The owner of News of the World, media magnate Rupert Murdoch, flew into London Sunday, hours after the final edition of the 168-year-old newspaper hit the stands.
News of the World was the first British national newspaper More >