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The link below is not from some "liberal rag," but is, rather, from the business-friendly but generally very objective FORTUNE Magazine. It is a good summary of how NewsCorp is structured  to give inordinate control to Rupert Murdoch, even though he owns only about 12 percent of the corporation. Good read for those who are following the decline of the Murdoch media empire and the collapse of what is left of his reput ation.

 

http://management.fortune.cnn....corp-has-only-begun/

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His r e p u ta tion   seems fine:

 

Shares of News Corp. NWS +6.56%   NWSA +6.48%   recouped some of their recent losses, up 5.2%, as Chairman and Chief Executive Rupert Murdoch testified before British lawmakers, with the hearing into a phone-hacking scandal briefly disrupted by a protester who tried to throw what appeared to be a plate of white foam at the media baron. Read more about Murdoch hearing.

Stock of News Corp. had lost about 17% of its value over the past few weeks.

Murdoch will be fine.  He is not responsible for the hacking because he is not in control of the company.  The buck stops somewhere else. 

He has only lost $750million in the last month, and that can be recovered.  News Corp is at a 52 week low, so its a good time to buy.  All the paper media is going away soon anyway, so News Corp can just close them down now and take advantage of the tax deductions. 

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