By Michael Collins
Rupert Murdoch is in big trouble. It is not a perfect storm but we’re getting there.
British attorney Mark Lewis is in New York to take legal action in behalf of clients who may have had their phones hacked in the United States.
More significantly, News Corp withdrew its bid to buy the remaining 61% of BSkyB, the highly profitable British cable TV franchise (£1.1 billion 2011, News Corp owns 39% now). (Murdoch images: left, right)
Last week, James Murdoch stepped down as chairman of BSkyB after surviving a challenge to his position just weeks ago. Read the rest of this entry »