Phone-hacking scandal: is this the tipping point for Murdoch's empire?

[malaise]

http://www.guardian.co.uk/media/2011/jul/09/phone-hacking-scandal-rupert-murdoch
<snip>
But other legal concerns are brewing. There is speculation that illegal acts by company executives in London could potentially be prosecuted in America under the Foreign Corrupt Practices Act which is aimed at stopping US firms from engaging in bribery abroad.

At the same time, the idea has been floated that News of the World journalists, or those working at News Corp organisations in the US, might have broken the law in pursuit of stories across the Atlantic. The US has extremely strict laws on phone hacking and many ambitious prosecutors might like to make a name for themselves by pursuing such a case.

On Wall Street, Richard Greenfield of US broker BTIG said Murdoch's other media interests in cable television – Fox News and his numerous other operations – were far more valuable in the eyes of investors than print.

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The fun is about to begin

[Oceansaway]

1. i agree...should be fun...nt

[nadinbrzezinski]

2. Watching BBC now...

This will be fun. Later I'll try to find Deutche Welle, at home with mom...almost no filters when compared to our "free media."

[malaise]

3. How's mom doing?

And yes this is already fun and the future looks very interesting.

[nadinbrzezinski]

4. Fine...thanks for asking

The five stages...we were at the acceptance stage.

Thanks. Tomorrow is the thirty day service, so after the cemetery sis and I are flying back...we took her out for dinner today.

[malaise]

5. Must be hard for her but mom's are tough

:hi:

[applegrove]

6. I hope it affects the Goodwill in his empire, so much, that he looses

the power he has to control elections in Britain and in the USA. Afterall I think it was the lack of goodwill that sunk MySpace. He had to sell it off. We can only hope.