A few weeks back, we examined a day in the tweeting life
of NewsCorp Presidente, Rupert Murdoch - the notorious purveyor of conservative commentary and, recently, the subject of a widespread Parliamentary investigation into a phone-hacking scandal that has consumed the entire company. Through his tweets, he upset the Romney campaign, the Scientology community and defended his case against the Levenson Inquiry. However, it looks like he'll have to defend his case against his own company.
is now reporting
that the Australian Darth Vader of mainstream media will be resigning from the posts of the British newspapers The Sun, The Times
the Sunday Times.
According to NewsCorp's filings
last week, Murdoch stepped down as chief of the media organizations NI Group, the Times Newspapers Holdings and News Corp Investments in the UK. He also stepped down from a few posts back here in the U.S. but the SEC has yet to disclose exactly which ones.
All of this is a result of the increasingly awkward position Parliament has left Murdoch in. As more cracks in NewsCorp were revealed, it was becoming evident that the CEO had some sort of knowledge of the illegal activities going on at News of the World, the subisidiary tabloid where the troubles all started. The dominoes
soon began to fall into place: Murdoch's son, James, resigned from News International and BSkyB while Board members were cut left and right.
Now, it's daddy's turn to pay.More »