Murdoch denies break-up linked to phone hacking scandal

Rupert Murdoch has denied that breaking up the News Corporation media empire has any links to the phone hacking scandal engulfing the company, saying the split has been more than three years in the making.

Rupert Murdoch: at the Leveson enquiry
Rupert Murdoch: at the Leveson enquiry

Murdoch was speaking today (28 June) on a conference call, in which he outlined the reasons for the break-up.

"This is not a reaction to anything in Britain," he said, adding that he thought "naysayers" would view the split as an indication that he had concerns about the growth prospects of the publishing arm, which includes newspaper titles, The Sun and The Times.

He said clearly this wasn't the case, highlighting his belief in the future of publishing by saying that he taken a strong lead in introducing the strategy of paid-for news content.

The Times news content sits behind a paywall while the Wall Street Journal runs a metered pay strategy.

Questions were addressed to Murdoch on a number of issues, primarily from analysts, including why News Corporation had not appointed a CEO of its publishing arm. Murdoch will be chairman of both companies and chief executive of its entertainment business.

Murdoch said: "We have a wonderful group of managers in the whole company to choose from. This is going to take months to complete and we're in no hurry to make a decision on that."

A contender for the role is likely to be Tom Mockridge, currently chief executive of News International.

News Corporation added that the break-up would not make it more likely that it would try and make another bid for a takeover of BSkyB.

David Devoe, chief financial officer of News Corporation, said: "We have no changes in the plans we've talked about on BSkyB."

Follow John Reynolds on Twitter @johnreynolds10

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Football stars Ronaldo and Neymar in PokerStars Facebook campaign

Football stars Ronaldo and Neymar in PokerStars Facebook campaign

PokerStars, the online gambling site owned by Rational Group, has launched a Facebook campaign starring Cristiano Ronaldo and Neymar Jr.

Share
Somethin' Else raids Zenith for client role

Somethin' Else raids Zenith for client role

Somethin' Else, the content agency, has appointed the ZenithOptimedia client partner Hannah Lury in the new role of client services director.

Share
How news habits are formed, and why they continue to prosper

How news habits are formed, and why they continue to prosper

Marie Oldham, formerly of Havas and now Fresheyes Consultancy, discusses human behaviour and how Newsworks' Generation News research offers rich findings for any media planner.

Share

Get news by email