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Showing posts with label NewsCorp. Show all posts
Showing posts with label NewsCorp. Show all posts

Friday, January 6, 2012

Another Arrest as Murdoch Hacking Scandal Investigations Continue


Cheryl Carter


Essex, England – British police report they arrested one of the people who were involved in the United Kingdom's phone hacking scandal which caused a media uproar.

Identified as Cheryl Carter by the BBC, she's described as a “long-serving former assistant to ex-News of the World editor Rebekah Brooks and other executives at Rupert Murdoch's News International. “

So far 23 people have been arrested because of the investigations into phone and computer hacking as well as police bribery.




In more interesting news, the now-defunct newspaper's competitor, The Daily News, hired Colin Myler.  Myler was the executive editor of News of the World when it was shut down in the middle of 2011.

He will start working at the Daily News on January 10th.  In the past he has also worked at the New York Post and the Sunday Mirror in the UK.

 

Tuesday, December 20, 2011

Saudi Prince Invests in Twitter

Saudi Arabia - In what has to be a chilling effect for any dissenters in the Saudi kingdom, Prince Alwaleed bin Tatal bought a 3.75% - or 300-million - stake in Twitter.

The social media site is one of the big players in the Arab Spring, which eventually lead to the present-day worldwide revolt against the huge concentrations of power oppressing people everywhere.  Saudi Arabia is one of the few Middle Eastern countries currently unaffected not because the country treats its people well, but because they are good at crushing dissenters.  Sometimes literally.

His investment firm, Kingdom Holding Company, said the investment was "the result of several months of negotiations and comprehensive due diligence.  Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact."

Last year, Rupert Murdoch bought a 9.09% stake in Alwaleed's film, television, and music business Rotana Media Group.  Over 18 months' time he will have an option to increase it to approximately 18%.

Prince Tatal is also the second-largest investor in NewsCorp, which runs Fox News.