Tag Archive | "rebekah brooks"

Rebekah Brooks pleads not guilty to phone hack charges

rebekah brooks

Rebekah Brooks, former chief executive of News International, has pleaded not guilty to charges related to phone hacking. Read the full story

Posted in Media NewsComments (0)

News Corp chair Rupert Murdoch called to step down by shareholders

News Corporation shareholders announced on Wednesday the filing of a joint proposal for the appointment of an independent chairman of the company.

The group will heap pressure on media mogul Rupert Murdoch to step down from his role in News Corp, which owns newspapers The Times, The Sun and formerly News of the World. Last year, a similar motion to remove Murdoch attracted strong support (two-thirds’ share of the vote) at the company’s annual shareholder meeting.

The proposal was introduced this week by Christian Brothers Investment Services (CBIS),which manages investments worth $4.6b for Catholic institutions worldwide. It is backed by the  Local Authority Pension Fund, an association of 55 public sector pension funds based in the UK, with combined assets worth over £155b.

Pressure from shareholders has been mounting since the phone-hacking scandal at News Corp’s UK newspapers triggered investigations on News Corp divisions in both the UK and US. The scandal led to the resignation and criminal trial of News International chief executive Rebekah Brooks and the Leveson inquiry into press standards. Murdoch’s paper at the center of the scandal, The News of the World, was subsequently closed. Given the Murdoch family’s control of News Corp’s shares, the proposals are thought unlikely to succeed.

The company plans to split its publishing titles, including the Wall Street Journal and Sunday Times, from its considerably more profitable pay-TV and film assets. On Wednesday, the company announced its latest quarterly revenues rose 14 per cent from a year earlier to $9.5bn in the quarter ending 31 March. Net income increased to $2.85bn, and its cable business assets rose 17 per cent. The figures were ahead of analysts’ expectations.

A CBIS statement said: “A resolution introduced at last year’s meeting which called for an independent chairman was approved by two-thirds of the independent shareholders, while another calling for the elimination of the company’s dual-class share structure was approved by 62 percent of the public shareholders.

“The shareholders believe that by responding positively to these corporate governance issues, News Corporation can improve oversight of management, reduce business risk and better represent the interests of all shareholders. These two resolutions are the latest salvos in an ongoing campaign by concerned institutional investors to dramatically revise the corporate governance practices at News Corporation.”

(Sources: CBIS Online, MediaGuardian)

Posted in Media NewsComments (0)

Brooks and Coulson facing new criminal charges

The Crown Prosecution Service has announced that Rebekah Brooks and Andy Coulson are facing charges for alleged illegal payments to public officials. Read the full story

Posted in Media NewsComments (0)

Rebekah Brooks resigned with ‘about £7m’ severance deal

Rebekah Brooks received a severance deal worth in the region of £7 million the Guardian is reporting. Read the full story

Posted in Media NewsComments (0)

Brooks and Coulson trial date set for September 2013

Rebekah Brooks and Andy Coulson will stand trial for phone hacking allegations in September 2013, their pre-trial hearing has revealed. Read the full story

Posted in Media NewsComments (0)

Rebekah Brooks and Andy Coulson in court facing phone hacking charges

Rebekah Brooks and Andy Coulson are set to appear at the Old Bailey today to face charges related to the investigation into phone hacking. Read the full story

Posted in Media NewsComments (0)

Brooks and Coulson face phone hacking charges

Rebekah Brooks and Andy Coulson will both face charges relating to the phone hacking scandal, the Crown Prosecution Service has revealed. Read the full story

Posted in Media NewsComments (0)

Mandelson: Press like 80s trade unions

Lord Mandelson told the Leveson Inquiry yesterday that the press was “like the trade unions” of the 1980s because “they want to act above the law”. Read the full story

Posted in Media NewsComments (0)

 

“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

Enter your email address to subscribe to Media Digest and receive notifications of new stories by email.

Latest Media Industry News, Independent News and Media, UK