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Murdoch withdraws bid for BskyB

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Murdoch withdraws bid for BskyB

Post by Guest on 13.07.11 14:15

bn

Kay Burley has just announced as Breaking news that Murdoch is to withdraw his bid for BskyB
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 13.07.11 14:16

City Editor Mark Kleinman: News Corp felt situation was too politicised to continue with the takeover bid.
by adam.tate 2:14 PMRT @TimGatt: BREAK SKY SOURCES: NEWS CORP TO WITHDRAW BID FOR BSKSYB
by alibunkall via twitter 2:13 PMBREAK: News Corporation is to withdraw its bid for BSkyB #skynews
by sophyridge via twitter 2:13 PMBREAKING: News Corp to withdraw bid for BSkyB.
by adam.tate
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 13.07.11 19:52

Brown Shatters The Consensus












I'm exhausted!
I've just left the Press Gallery after listening to 32 minutes of bile and bitterness pouring out of the mouth of Gordon Brown as he hijacked the Labour debate on BSkyB and phone hacking.
It all came out: His treatment by the News International papers since the moment he became Prime Minister in 2007, how The Sun turned Tory in 2009 and how he was prevented from cleaning up the Press.
It was powerful, it was dramatic, it was totally tribal. And it shattered the all-party consensus achieved in the previous 24 hours by David Cameron, Nick Clegg and Ed Miliband.
It was only his second speech in the Commons since he lost the general election last year. And there were a few ironic welcomes from the Tory benches, which clearly riled him.
Knowing big Gordy was due to speak early in the debate, I sat on the Government side of the Press Gallery so I could look directly across at the former Prime Minister as he made his speech.
He was grinning when he entered the chamber at the start of the debate. But he soon became a dark, brooding presence on the backbenches as he sat impatiently through speeches by Ed Miliband and Sir George Young.
He looked down at those famous bitten fignernails, muttered and grumbled as a Tory MP, Charlie Elphicke, challenged Ed Miliband on Labour's record in government . And then...
He rose to speak. Cue huge cheers from the packed Labour benches around him. Up in the Lords Gallery, Peter Mandelson was looking down on the chamber over his spectacles in that superior way of his and with those long, slim legs crossed the way he does.
And then the onslaught began. The former Prime Minister quoted some of the Sun headlines about him: "Brown killed my son", "Dr Evil" and "The betrayer of Britain".
Revenge? That appeared to be his intention.
He accused News International of "law-breaking on an industrial scale", "systematic criminality" and "links with the British criminal underworld".
It was classic Brown: head down, ploughing on like a juggernaut in a noisy Commons chamber and rejecting calls to take Tory interventions until the very end of his speech.
Most Labour backbenchers loved it and cheered him on.
But I couldn't help noticing a stunned silence from most members of the Labour front bench and from wise old grandees like Jack Straw.
A short time earlier, Ed Miliband had won plaudits from senior Conservatives for the measured, reasonable and consensual tone of his speech opening the debate.
Gordon Brown was none of these.
And after his speech, one loyal Gordon Brown cheerleader at Westminster told me he wished he had not been so bitter but had adopted a similar tone to his party leader.
As for me, I'm out of breath and emotionally drained.
And I was only listening to it all up in the Press Gallery!

http://blogs.news.sky.com/boultonandco/Post:920e6dda-fa6e-4c71-b03c-7e7e176fc1ef
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Re: Murdoch withdraws bid for BskyB

Post by PeterMac on 14.07.11 7:06

And in fairly measured response from the Sun they explain that the story about Brown Jnr.'s cystic fibrosis was given to them by another father, an acquaintance of the Browns. The Sun then asked permision to run it and Brown agreed in order to highlight the importance of this particular illness in children.
Not quite what GB was implying earlier in the week.
So perhaps his bid to be included on the Million pound payout list has failed.

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Re: Murdoch withdraws bid for BskyB

Post by Betty Pepper on 14.07.11 7:52

So GB was using his dead son to get on the million pound payout list.

I'm sure Fake and Merry, acquaintances of Mr Brown who use their dead daughter, will be on the million pound payout list.

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Re: Murdoch withdraws bid for BskyB

Post by PeterMac on 14.07.11 8:05

Brown is a very bitter man.
He was forced out of office by the electorate
He was forced out of leadership of the party, by his own party
He is despised by the entire country for what he did as Chancellor.
He is despised by the entire world for what he did as PM.
AND - most importantly
He is a Socialist - but has has to watch as his predecessor makes millions, where he gets none.


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Re: Murdoch withdraws bid for BskyB

Post by Guest on 14.07.11 8:28

candyfloss wrote:

He accused News International of "law-breaking on an industrial scale", "systematic criminality" and "links with the British criminal underworld".

Gormless Brown never fails to look like a homeless person in a Gieves & Hawkes suit, does he? It's normally the ties that have famously flown south, but this time it was the turn of the suit jacket, practically falling off the right shoulder. Has he lost weight and not had his suits adjusted yet? Perhpas he is loosing weight through the stress of what is yet to come?

Goverments and in particular Prime Ministers have been cracking the whip and controlling the press for decades. They pay huge amounts of money to the likes of Clarence Mitchell, to mould every story. If Gormless is only now telling us that NI have links with the "British criminal underworld", all I can say is, he must have used them in exactly the same way to know this.

So the backlash has begun and thanks to karma, that may very well be his last invited speech in the house.
I can but hope...
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 14.07.11 17:37

So after first refusing to attend on Tuesday, the 2 Murdochs have now said they will after being issued with a summons big grin



bn
Breaking News

5:27pm UK, Thursday July 14, 2011
Murdochs To Face MPs Over Phone Hacking

Rupert and James Murdoch have bowed to pressure from MPs and agreed to give evidence to a parliamentary committee investigating the phone hacking scandal.

The News Corporation chairman and chief executive and his son, who is chairman of News International (NI), will appear before the Culture, Media and Sport Committee on Tuesday.

Rebekah Brooks, the embattled chief executive of NI, which published the News Of The World, had already agreed to give evidence at the hearing next week.

The committee had announced earlier it was issuing summonses for the Murdochs to appear on Tuesday after they had said they were not available to appear on that date.

The Leader of the Commons, Sir George Young, had confirmed that - in theory - the pair could be fined or even imprisoned if they defied the summonses
.

A News Corporation spokesperson has said: "We are in the process of writing to the select committee with the intention that Mr James Murdoch and Mr Rupert Murdoch will attend next Tuesday's meeting."



The decision that they will now give evidence - on the final day before the Commons breaks for the summer - was welcomed by committee chairman John Whittingdale.

He said it was important for the British public to hear the trio account for themselves and apologise following allegations about criminal practices at the News Of The World.

Mr Whittingdale told Sky News. "They will be appearing before a parliamentary committee.

"So I would hope they would take it seriously and they will give us the answers that not just we want to hear but I think an awful lot of people will want to hear."

He added: "Obviously the committee would not want to do anything to jeopardise a police investigation or criminal prosecution but nonetheless I think there is considerable opportunity for her and her bosses to set the record straight.

"One of the problems with the judicial inquiry is that it won't start looking at this matter for a long, long time to come.

"I think it is important that the British public hear Rupert Murdoch, James Murdoch and Rebekah Brooks give an account of what has been going on in their newspaper and apologise."

http://news.sky.com/skynews/Home/UK-News/Rupert-And-James-Murdoch-Will-Appear-At-Parliamentary-Committee-Over-Phone-Hacking/Article/201107216030555?lpos=UK_News_Top_Stories_Header_0&lid=ARTICLE_16030555_Rupert_And_James_Murdoch_Will_Appear_At_Parliamentary_Committee_Over_Phone_Hacking
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 14.07.11 20:45

It is in America that Rupert Murdoch faces ruin


Rupert Murdoch, the media mogul at the helm of News Corporation, does not want for enemies in the US – and they are poised to strike .

8:15PM BST 14 Jul 2011


We’ve been waiting a long time, but now the moment of reckoning is here: American journalists, long maligned by their British colleagues as boring and earnest, can finally take their revenge.

American newspapers have featured the News International meltdown on front pages since the story broke. American websites have posted every new development, as it breaks.

Gawker.com cheerfully writes that News International is “besieged by a strange and unfamiliar phenomenon called 'bad publicity that can’t just be ignored’”.

Slate.com re-imagines Rupert Murdoch as Voldemort, speculating that he would turn the Daily Prophet into a tabloid promoting “Sunday sensation and sleaze”.

But nobody is having as much fun as the New York Times. In fact, given that this is essentially a story about British journalists breaking British law on behalf of a British newspaper that nobody in the US ever reads, the NYT has thrown extraordinary resources at it.

No doubt the NYT is motivated by its ever-earnest search for “all the news that’s fit to print”. But there are other things going on here, too.

Murdoch is more than just another proprietor: he’s a bitter enemy. He owns the Wall Street Journal, the NYT’s main upmarket rival. He owns the New York Post, its main downmarket rival.

More to the point, Murdoch owns Fox News, the enormously profitable television station which is the NYT’s main ideological rival.

For those Daily Telegraph readers who don’t follow these things, let me draw an analogy: Fox News is to American mainstream media what the Sun is to the British mainstream media. It’s louder, more unreliable, sometimes more entertaining and very much more Right-wing. Fox is the spiritual home of the Tea Party movement – it employs Sarah Palin – and is deeply unpopular among the people who read and write for the NYT.

Trouble for Mr Murdoch is good news for the American liberal establishment, in other words – and the liberal establishment is beginning to scent blood.

Congressional investigations loom: Senator Jay Rockefeller, a Democrat who chairs the Senate commerce committee, has declared that if Murdoch tabloids hacked the phones of 9/11 victims or any other Americans, “the consequences will be severe”.

Others in Congress point out that News Corp’s headquarters is in the US: if the company’s British employees paid policemen for information, that may violate American anti-bribery laws, even if the payments were made in London.

Stories that British tabloids tried to bribe New York policemen are already in circulation, and if those are true, the consequences could be even worse.

From Murdoch’s point of view, this is a terrible moment to attract political attention. He is not on the cusp of a major acquisition in America, as he was, until Wednesday, in Britain. But the scandal is awkwardly timed in other ways.

The newspaper market here, as everywhere, is in flux. The Wall Street Journal now struggles to achieve the profits which it once made so effortlessly.

The Journal’s main asset is its reputation for stodgy neutrality, at least in its news-gathering. If this scandal taints the Journal in any way, business readers are not short of other sources of information.

More importantly, America is about to enter the presidential election season, a period in our political calendar when anything and everything becomes fodder for partisan politics.

Should it turn out, for example, that the Sun or the News of the World really did hack the phones of the relatives of 9/11 victims, then all bets are off.

There could be advertiser boycotts of Fox News. Republican politicians could be forced to declare that they will no longer appear on the station.

It’s not a likely scenario – Fox is too important to the Republican Party – but it can’t be excluded. American politicians are as sensitive to public outrage as their British counterparts.

In the end, though, it is not Murdoch’s American properties that are most threatened by this scandal, it is his control of his publicly owned company.

News Corp’s stock is in freefall: a massive American shareholder revolt may not be far off. One group of shareholders has sued the company in a Delaware court, arguing that the company board “provides no effective review or oversight”.

The same group was already trying to sue over the purchase of a television company owned by Elisabeth Murdoch, and has been seeking to block her appointment to the board of directors.

The group’s lawyers have declared they want to “put an end to Rupert Murdoch’s use of company assets to serve personal and family agendas, without regard for public shareholders”.

Words such as “nepotism” and “cronyism” are in the air. As are “corruption” and “mismanagement”. They will be given extra weight if this story takes on any deeper political significance.

Shareholders and their lawyers are as likely to be members of the liberal establishment as anyone else: in America, the world’s most litigious country, they are unlikely to keep their views to themselves.

As a result, News Corp’s American properties will survive this scandal – but the Murdoch family’s control of News Corp may not.


http://www.telegraph.co.uk/news/uknews/phone-hacking/8637942/It-is-in-America-that-Rupert-Murdoch-faces-ruin.html

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Re: Murdoch withdraws bid for BskyB

Post by ROSA on 14.07.11 20:58

The committee had announced earlier it was issuing summonses for the Murdochs to appear on Tuesday after they had said they were not available to appear on that date.

The Leader of the Commons, Sir George Young, had confirmed that - in theory - the pair could be fined or even imprisoned if they defied the summonses.
Murdoch is a big fish
The Mccanns and CM are small fish in the pond
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Re: Murdoch withdraws bid for BskyB

Post by Daisy on 15.07.11 15:31

Does anyone else think this is all just smoke & mirrors - bread & circuses for the masses? I can't help but think ahead to what this means for us. Sure it's going to get even messier and some heads will roll (with & few fall guys & patsies also taking a hit), but what will be the consequences for the man or woman on the street? We already know there's tighter restrictions of the media & severe censorship of the internet to come (agenda items of the recent G8 & Bilderburg meetings). How much 'tighter' will it be? Will it drastically affect the way we currently communicate? Will sites such as this still be allowed? Will our 'Free press' resemble (even more so) the 'Ministry of Truth' like in Orwell's 1984?

Sorry, I have so many questions about where this is all leading to.
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 16.07.11 9:43

You are not alone Daisy, I too feel very cynical about all this. I remember very well the Maxwell debacle and although the Murdoch empire has not drowned in the same way, one can't help but think that if your time is up, you should go out with a bang.

I would still like to know how this all came about. All this hacking business was known about years ago. The same people were involved then and now, so what has changed? As far as I can see there is only one difference, a new Prime Minister.

If I was someone as powerful as Rupert Murdoch, who for many years was prevented from running some serious headlines. Who was used by Police forces and Governments to hide their dirty little secrets and to provide them with unethical inside information. If I had the power to drop someone or something right in it before I left this world, would I take an opportunity of going down in the history books, like no one has ever done before?

Rebekah said last week , something along the lines of, you will one day understand why we had to do this. This being what? and I don't think she is talking about the hacking either. If Rupert Murdoch has got months to live and his legacy was to go one better than Guy Fawkes, hypothetically flattening the Houses of Parliament, encouraging a new Parliament to be built, in let's say Scotland. You could understand why those who could protect all this news from coming out, like they did with the McCann's story, have decided to run with it. It has to happen. It's a means to an end.

I really have a bad feeling about all of this. Murdoch is on a mission and David Cameron and Nick Clegg is not going to be able to stop him now. The final blow will be when it is announced that the Government was responsible for hampering a Police investigation into the death of a little girl whose face we all know. Perhaps it's a case of keep Milly in the news, until Madeleine takes over...
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Re: Murdoch withdraws bid for BskyB

Post by pauline on 16.07.11 10:14

Daisy and Stella - two thought provoking posts. I too am very worried as to where this is all going and the real agenda.
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Re: Murdoch withdraws bid for BskyB

Post by Guest on 17.07.11 9:37

I have another theory. Maybe the band of brothers have decided it is pay back time. They have had enough.

I can just see the headlines now;

Journalists come together to topple the Murdoch Wall....
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Re: Murdoch withdraws bid for BskyB

Post by PeterMac on 17.07.11 11:41

Stella wrote:I have another theory. Maybe the band of brothers have decided it is pay back time. They have had enough.
I can just see the headlines now;
Journalists come together to topple the Murdoch Wall....
Particularly if they had received instructions, or had been told, or had been given to understand, or had picked up on their professional antennae - that phone hacking was a way of getting scoop stories and therefore of enhancing your career.
Once a couple were sent to prison for it, the rest may have started to panic, and realised that fragging the bosses was the only way to stop it.

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