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News Corp wins dismissal of U.S. lawsuit over phone hacking

News Corp, its Chairman Rupert Murdoch and other top officials have won the dismissal of a U.S. lawsuit accusing them of defrauding shareholders by concealing widespread, illegal phone hacking at two of its British newspapers.In a decision made public on Tuesday, U.S. District Judge Paul Gardephe in Manhattan said the defendants could not be held liable over statements predating the period for which shareholders sought to recoup alleged losses.The case was based on statements by Murdoch, former News of the World editor Rebekah Brooks and others in the years after the 2006 arrest of reporter Clive Goodman and investigator Glenn Mulcaire, who were both later imprisoned for allegedly hacking the phones of Britain's royal family.Shareholders led by Britain's Avon Pension Fund accused the defendants of making statements in press releases, interviews, conference calls, testimony to Parliament and elsewhere suggesting that the incident was isolated.Instead, they said hacking was "widely pract...

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  1. Sky Deutschland to Appoint James Murdoch to Board

    German pay-TV broadcaster Sky Deutschland AG (SKYD.XE) aims to appoint James Murdoch to its supervisory board, according to an invitation to the company's shareholde...

  2. Fox dampens higher profit, revenue at News Corp

    Rupert Murdoch's News Corp on Wednesday reported higher quarterly revenue and profit on strong growth at its cable assets including its Regional Sports and FX networ...

  3. News Corp Names Robert Thomson CEO of Publishing Company

    Rupert Murdoch is keeping the News Corp name for his new publishing company in a nod to the important role that newspapers have played in building his media empire."...

  4. BSkyB Shareholders Approve Reappointment of James Murdoch at AGM

    Satellite TV giant British Sky Broadcasting Group PLC (BSY.LN) said Thursday all resolutions were approved at the AGM earlier, including the remuneration report and ...

  5. BSkyB posts strong first-quarter earnings

    Pay-TV group BSkyB reported strong first-quarter earnings growth on Thursday as price rises and the sale of additional products to subscribers helped reassure invest...

  6. Highest Paid Execs Under 40

    FBN's Gerri Willis breaks down the highest paid young executives.

  7. BSkyB License Upheld By U.K. Regulators

    Satellite-television company British Sky Broadcasting PLC will be allowed to keep its broadcasting license following a Thursday ruling by U.K. communications regulat...

  8. Digital Chief Jon Miller Leaves News Corp.

    According to sources close to the situation, News Corp.'s (NWSA, NWS.AU) Chief Digital Officer Jon Miller will be leaving the media giant soon.It seems to be a cordi...

  9. News Corp Reports Loss After Publishing Write-Down

    News Corp. (NWS, NWSA) on Wednesday reported a $1.55 billion loss for its fiscal fourth quarter on a multibillion-dollar write-down primarily of its publishing busin...

  10. News Corp. Buys Out Disney's Stake in Asian Sports Network

    News Corp. (NASDAQ:NWSA) has inked a deal to buy out Walt Disney's (NYSE:DIS) 50% stake in Asian joint venture ESPN Star Sports, giving the New York-based media cong...

  11. U.K. Panel Slams News Corp., Murdochs Over Hacking Scandal

    A British parliamentary committee blasted News Corp. (NASDAQ:NWSA) on Tuesday, saying the media giant exhibited willful blindness in the U.K. hacking scandal.In a 12...

  12. British phone hacking scandal report issued

    Investigators blame Murdoch, executives

  1. 21st Century Fox, News Corp. Name Lachlan Murdoch Co-Chairman

    Media conglomerates News Corp. (NASDAQ:NWSA) and 21 st Century Fox (NASDAQ:FOXA) shook up their management ranks on Wednesday by tapping Lachlan Murdoch as nonexecut...

  2. News Corp to take charge of up to $1.4 billion this quarter

    News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its busine...

  3. News Corp Board Approves Split; Company To Take Write-Down

    News Corp.'s (NWS, NWSA, NWS.AU) board approved the company's separation into two publicly traded entities, moving a step closer to splitting its entertainment busin...

  4. News Corp's publishing business to initiate stock buyback

    News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.The board of the publishing business, ...

  5. News Corp. Board Approves Split, Sets Distribution

    News Corp.'s (NWS, NWSA, NWS.AU) board approved the company's separation into two publicly traded entities, moving another step closer to splitting its entertainment...

  6. News Corp. Sells Stake in Phoenix Satellite for $92M

    News Corp. (NASDAQ:NWSA) said Friday it agreed to a $92 million deal to sell a 5.28% stake in Phoenix Satellite Television Holdings, a Chinese media company.Star Ent...

  7. News Corp To Sell 5.28% Stake in Phoenix Satellite for $92 Million

    News Corp. (NWS, NWSA, NWS.AU) agreed to sell a 5.28% stake in Chinese media company Phoenix Satellite Television Holdings Ltd. (2008.HK) for about $92 million, as t...

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