Tabloid's future in doubt over phone hacking scandal

[InfoSec News <alerts () infosecnews org>]

http://www.telegraph.co.uk/news/uknews/phone-hacking/8882790/Tabloids-future-in-doubt-over-phone-hacking-scandal.html

By Gordon Rayner and Mark Hughes
The Telegraph
10 Nov 2011

Giving evidence to MPs, Mr Murdoch, who closed the News of the World in 
July, said he could not “rule out” closing The Sun or any other 
publication if it was found to have broken the law.

Shares in News Corp, News International’s parent company, fell in value 
after Mr Murdoch gave evidence, though they rallied later in the day.

Mr Murdoch was recalled by the Culture, Media and Sport committee to 
answer further questions about phone hacking at the News of the World 
after his previous evidence was contradicted by two former employees.

During an abrasive two-and-a-half-hour interrogation, Mr Murdoch was 
likened to a “mafia boss” by Tom Watson MP, who suggested he presided 
over a “criminal empire” with a culture of silence at its heart.

[...]

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