UK Phone-Hacking Could Haunt Murdochs For Three More Years
Rupert Murdoch could be 84 years old before the British police complete multiple investigations into The News of the World phone-hacking scandal. Deputy assistant commissioner Sue Akers, who’s in charge of three overlapping probes into alleged criminal wrongdoing by journalists, said the task may continue through 2015, according to the Guardian. Akers, who is retiring in October, told a Commons home affairs select committee that “resources have been factored in for the next three years.” She said the force had identified more than 4,700 potential phone-hacking victims and found 1,069 were likely to have had their voicemail messages intercepted. So far 79 people have been arrested including former News International legal adviser Tom Crone, former chief executive Rebekah Brooks, her husband Charlie and Prime Minister David Cameron’s former spin doctor Andy Coulson. Akers said the Metropolitan Police and Crown Prosecution Service would consider the likelihood of further criminal prosecutions, adding, “We are now prioritising getting cases through court.” Scotland Yard still has 185 officers working on the investigations.
Network Ten Shares Slide To Record Low
Australia’s Network Ten board members Lachlan Murdoch (chairman), Gina Rinehart and Jack Cowin seem powerless to stop a steep slide in the company’s fortunes. The share price hit a record low of 37.5 cents today, down from 80 cents in March, and broker Commonwealth Bank Global Markets Research forecasts it will sink as as low as 30 cents. Ten’sratings have taken a hit from the failures of three Australian shows launched after the London Olympics, Everybody Dance Now, I Will Survive and Don’t Tell the Bride, which resulted in the exit of chief programmer David Mott. The only new show that has any traction is Puberty Blues, a drama inspired by Bruce Beresford’s 1981 feature. The ratings of Ten’s main channel have declined by 5% this year while Nine is up by 5.3% and Seven is off by 0.3%. The broker said Ten is “working hard to reposition itself and build out a new programming lineup, however we see continued ratings/revenue share risk given the large number of hours that need to be replaced and expect the TV ad market to remain challenging.” - Don Groves