Today's Quickie, or as I like to call this one, "Moment of Duh":
It's been awhile since the News Corp. hacking scandal got any real attention, so just for old time's sake, here's a quick update via Bloomberg:
News Corp. (NWSA)’s testimony about how a phone-hacking scandal was handled points to a possible cover-up at multiple levels within the organization, according to the findings of an inquiry into media ethics.
Judge Brian Leveson collected evidence from newspaper owners, reporters and people who counted themselves victims of bad behavior by U.K. media. His report today called for the formation of an independent media regulator, backed by legislation, that would have the power to impose fines of as much as 1 million pounds ($1.6 million).
News Corp.’s managers showed a lack of curiosity and urgency in sharing information about claims that reporters had been hacking into voice mails for stories, Leveson said.
$1.6 million is but a drop in the enormous Murdoch bucket.
There's more at the link.
That was today's Quickie. Will you still respect me in the morning?