Wait.. what's that I hear?
Yep, that was a shoe. Via The Guardian:
James Murdoch and News Corp could face corporate legal battles on both sides of the Atlantic that involve criminal charges, fines and forfeiture of assets as the escalating phone-hacking scandal risks damaging his chances of taking control of Rupert Murdoch's US-based media empire.
All together now, in unison: Awwww.
Next I want a gigantic size 18 boot to drop, with the name Rupert scrawled all over it.
[T]he younger Murdoch has admitted he misled parliament over phone hacking, although he has stated he did not have the complete picture at the time. There have also been reports that employees routinely made payments to police officers, believed to total more than £100,000, in return for information.
The payments could leave News Corp – and possibly James Murdoch himself – facing the possibility of prosecution in the US under the Foreign Corrupt Practices Act (FCPA) – legislation designed to stamp out bad corporate behaviour that carries severe penalties for anyone found guilty of breaching it – and in the UK under the Regulation of Investigatory Powers Act 2000 which outlaws the interception of communications. [...]
While the UK phone-hacking scandal has been met with outrage in the US, the hacking itself is unlikely to prompt Washington officials into action. But because NI is a subsidiary of the US company, any payments to UK police officers could trigger a justice department inquiry under the FCPA.
I just got back from the eye doctor so my eyes are dilated, and reading/typing are a real challenge for the time being, so please read more here.
Earlier I posted that James Murdoch announced that News of the World would cease operations. It's closing Sunday after 168 years. However, per Sarah Ellison of Vanity Fair on MSNBC just now, they're expanding The Sun tabloid to seven days a week, so they're basically just moving pieces around the board.
But there is action on the legal front. Via The Guardian:
Andy Coulson has been told by police that he will be arrested on Friday morning over suspicions that he knew about, or had direct involvement in, the hacking of mobile phones during his editorship of the News of the World.
The Guardian understands that a second arrest is also to be made in the next few days of a former senior journalist at the paper.
Wild guess: Rebekah Brooks?
Coulson was David Cameron's director of communications until last January, when he resigned.
Coulson was editor of The News of the World between 2003 and 2007. A close friend and deputy of News International chief executive Rebekah Brooks when she edited the paper, Coulson resigned a few weeks before the paper's royal correspondent, Clive Goodman, and private investigator Glenn Mulcaire were jailed after admitting intercepting messages on royal aides' phones.
It would be so loverly if they nabbed Rupert the Wonder Sharpei.
More details here.
H/t: Keith Olbermann
I got a late start today, opened my email, and saw this:
News of the World executive James Murdoch says the British tabloid, at the center of accusations into the illegal hacking of cellphones, will publish its last issue Sunday.
More soon at http://www.latimes.com.
The tabloid at the center of the British phone hacking is to be closed after a final, ad-free Sunday edition this weekend, according to a top official at News Corp., James Murdoch, in a sudden statement that underscored the devastating effect of allegations that targets included not only a 13-year-old murder victim but also relatives of fallen soldiers in Iraq and Afghanistan.
And this, in a CNN email alert:
Britain's embattled News of the World, the world's top-selling English-language newspaper, will shut down after Sunday's edition. The scandal-hit tabloid, owned by Rupert Murdoch's News Corp., has been at the center of phone hacking charges.
Victims of the alleged phone hacking, where reporters are said to have obtained PIN numbers and listened to voicemails, include a teenage murder victim, celebrities, royalty and at least one man killed in the 2005 London bombing.
Murdoch has condemned the allegations against News of the World as "deplorable and unacceptable." Murdoch's media empire extends to the U.S. to include Fox News and the Wall Street Journal.
And this via Yahoo:
|News Int'l says some 200 tabloid staffers to be laid off, can apply for other company jobs|
That's how I like to start my day, although unemployment is never good news.