Editor’s note: Les Hinton, now of The Wall Street Journal, is coming under scrutiny for what he did and did not know when he ran Rupert Murdoch’s British newspapers, the New York Times is reporting. It comes as the Journal’s longtime previous owners are expressing “sellers remorse.”
“A number of key members of the family which controlled The Wall Street Journal say they would not have agreed to sell the prestigious daily to Rupert Murdoch if they had been aware of News International’s conduct in the phone-hacking scandal at the time of the deal,” ProPublica.org reports
“‘If I had known what I know now, I would have pushed harder against’ the Murdoch bid, said Christopher Bancroft, a member of the family which controlled Dow Jones & Company, publishers of The Wall Street Journal. Bancroft said the breadth of allegations now on the public record ‘would have been more problematic for me. I probably would have held out.’ Bancroft had sole voting control of a trust that represented 13 percent of Dow Jones shares in 2007 and served on the Dow Jones Board.
Lisa Steele, another family member on the Board, said that ‘it would have been harder, if not impossible,’ to have accepted Murdoch’s bid had the facts been known. ‘It’s complicated,’ Steele said, and ‘there were so many factors’ in weighing a sale. But she said ‘the ethics are clear to me — what’s been revealed, from what I’ve read in the Journal, is terrible; it may even be criminal.’
“Elisabeth Goth, a Bancroft family member not on the Board who had long advocated change at Dow Jones, expressed similar sentiments. Asked if she would have favored a sale to Murdoch in 2007 knowing what she does today, she said, ‘my answer is no.’
The comments by family members in interviews with ProPublica came as the crisis engulfing Murdoch’s News Corporation threatened to spread to the U.S. with two senators calling for an investigation into whether the company broke U.S. laws over the phone hacking scandal.
The rest of the article is here.
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Cameron labeled this “a firestorm”…I’d include, “of criminality and corruption”, but hey, just my opinion and FOX news and Roger Aisles haven’t even put “the firestorm”in their american news. I do notice that Hannity, Bear, O’Reilly and Shep look like frightened, twitching, singed-haired bunny rabbits who smell smoke…Kate
Oh, and some are beginning to call News Corp. “News Corpse”…dark humor for a very dark story…Kate
See Richard Reeves’
“I Missed My Chance to Pee on Rupert Murdoch”
http://www.truthdig.com/report/item/i_missed_my_chance_to_pee_on_rupert_murdoch_20110713/
It’s less funny than you might suppose.