UPDATE, 3:40 PM: Rupert Murdoch has plenty of time for Twitter, but hasn’t participated in one of his company’s quarterly conference calls with analysts and reporters since August. He missed the session again today — a little more than a week after a committee of UK’s Parliament blasted his handling of the company’s hacking scandal. So it was up to COO Chase Carey to defend his boss, and handle embarrassing questions including one about whether company leaders have considered asking Deputy COO James Murdoch — Rupert’s son — to step down. The answer: Nope. James was in charge of News International, which includes the UK publishing operation, as the hacking scandal unfolded. He gave up that job in February.
PREVIOUS, 2:00 PM: Rupert Murdoch‘s No. 2 opened News Corp‘s earnings call by firing back at Parliament’s Culture Media and Sport Committee which said last week that the CEO’s handling of the UK hacking scandal scandal made him “not a fit person to exercise the stewardship of a major international company.” Carey says that “we take these issues very seriously” and “lots of work has already been done” to resolve the problems that surfaced from investigations into the scandal. He added that the committee’s conclusion was “unjustified” and “a purely partisan finding.” Murdoch has invested heavily in the UK, creating 19,000 jobs, and bought The Times and The Sunday Times when others wouldn’t, he said. “Both the board and I rebuff the notion that he is unfit.”
(Photo: Getty Images)
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