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Monday, 25 July 2011 - News Corp's James Murdoch under pressure over hacking testimony |
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    Edition: U.S. Article Comments (0) Slideshow Video Full Focus Photos of the week Our top photos from the past week.  Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Futures slump as debt talks result in no deal | 24 Jul 2011 Norway mass killer wants time in court to tell why | 1:26am EDT Stock futures, dollar fall on no debt deal 24 Jul 2011 No endgame in sight as debt default looms | 3:36am EDT Amy Winehouse family pleads for "privacy and space" | 12:26am EDT Discussed 200 Senate group offers $3.75 trillion deficit cuts 145 New plan offers hope for progress in debt talks 88 Big debt deal gains traction amid chaotic efforts Watched Clinton arrives in Hong Kong Sun, Jul 24 2011 Amy Winehouse body removed from London home. Sat, Jul 23 2011 Vigil for Norway victims Sun, Jul 24 2011 News Corp's James Murdoch under pressure over hacking testimony Tweet Share this Email Print Related News Quick guide to the News Corp hacking scandal Sun, Jul 24 2011 Cameron faces fresh fire over News Corp meetings Sun, Jul 24 2011 Dow Jones panel says found no U.S. wrongdoing Sun, Jul 24 2011 Who is paying News Corp's legal bills? Sun, Jul 24 2011 Analysis & Opinion Could the Murdochs be the saviours of journalism? Brand and crisis management, Murdoch style Related Topics World » Technology » Media » Rupert Murdoch » Related Video UK lawmaker urges Murdoch police probe Fri, Jul 22 2011 James Murdoch - A profile Murdoch attacked in Parliamentary hearing 'Humbled' Murdoch attacked at UK hearing Animated Deng defends husband Murdoch 1 of 18. BSkyB Chairman James Murdoch appears before a parliamentary committee on phone hacking at Portcullis House in London July 19, 2011. Credit: Reuters/Parbul TV via Reuters Tv By Tim Castle LONDON | Sun Jul 24, 2011 10:47pm EDT LONDON (Reuters) - News Corp executive James Murdoch was under pressure on Monday over his handling of a phone-hacking scandal that has hit the Murdoch family's media empire and could jeopardize his own position at the company. British police are considering a request from opposition Labor politician Tom Watson to investigate claims the 38-year-old son of News Corp head Rupert Murdoch gave "mistaken" testimony to a high profile hearing in parliament last week. Separately Labor lawmaker Chris Bryant has written to News Corp's independent directors calling on them to suspend both James and his 80-year-old father for failing to exercise proper corporate control. Later this week James Murdoch is expected to retain the support of investors and independent directors of BSkyB when the pay-TV company which he chairs and in which News Corp holds a 39 percent stake announces its financial results. James and his father appeared before parliament's media committee on Tuesday to answer questions on phone-hacking. The scandal aroused public fury earlier this month after revelations the phone of missing school girl Milly Dowler had been hacked in 2002. The body of the murdered 13-year-old was found several months after she disappeared. News Corp's British arm News International had maintained until then that previously known about incidents of the illegal practice at its News of the World tabloid was the work of a lone "rogue reporter." However, two former senior figures at its British newspaper arm on Friday disputed James Murdoch's claim at the committee hearing that he had been unaware in 2008 of an e-mail that suggested such wrongdoing was more widespread. OUT OF COURT PAYMENT The email related to a 700,000 pound ($1.1 million) out-of-court settlement paid to the head of English soccer's players union and signed off by James Murdoch in 2008, shortly after he took charge of News Corp's European operations. In a letter to the media committee's chairman James Murdoch said he had answered questions in parliament truthfully. But lawmakers may now contact the men disputing his account, ex-News of the World editor Colin Myler and the newspaper group's top legal officer Tom Crone, to hear their version of events. "James Murdoch is in a precarious position," said media analyst Steve Hewlett. "If it emerges that he knew the details of what he was signing, then he's in trouble," said Hewlett. "But if he knew absolutely nothing about why he was signing away so much money, then another question arises, as to whether he is competent to run the business, and whether he is a worthy successor to his father." James Murdoch's position as chairman of BSkyB will come under scrutiny later this week when independent directors meet to discuss corporate governance. But they are expected to back him, as are investors who are looking for a share buy back or special dividend when the firm reports its financial results on Friday. James Murdoch can point to a highly successful four years as the company's chief executive before becoming as non-executive chairman in late 2007. Several shareholders told Reuters last week they were supportive of James as chairman but would want to discuss the situation. (Reporting by Tim Castle; Editing by Matthew Jones) World Technology Media Rupert Murdoch Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Monday, 25 July 2011
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