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Money before morals for Murdoch
By cactusdog on 7/7/2011 8:17:35 PM , Rating: 1
So Murdoch is shutting down the paper for moral reasons? To put a stop to this phone hacking? What a load of crap. If it is as widespread as reported the management would know about it, and Murdoch wouldnt shut it down if it was making him money.

I think he wanted to shut down the paper, everybody knows newspapers are dying, much of the advertising is going online. This is just an excuse to shut it down so he doesnt cop any flack from employees,unions and the public.

He already owns the competing paper, so this makes his job easy to shut down the paper, and merge his assets into one newspaper. Theres enough advertising dollars to keep one paper going for another few years.

He probably "leaked" the story himself. He comes out looking squeaky clean and the media is reporting on on "dodgy journalists" instead of "dodgy paper owner"

Murdoch wouldnt give a crap about the phone hacking if it meant getting news first and making more revenue. He wanted the paper closed.

By YashBudini on 7/8/2011 12:33:21 AM , Rating: 2
So Murdoch is shutting down the paper for moral reasons?

In plain business english it's called damage control.

By Aloonatic on 7/8/2011 2:59:05 AM , Rating: 2
I doubt that he leaked this himself, that would be just plain stupid.

The headline to this article is misleading too. He hasn't been forced to close The News of the World.

He chose to.

Why? The BSkyB (Sky TV) buyout is the main reason that most people are sighting. Newspapers are old, and not all that profitable. TV is worth a lot more. Murdoch owns a big share of Sky already, but wants to buy it outright. It's already caused controversy, due to the amount of influence to would give Murdoch over the Media in the UK.

The rules have recently changed, and how the seniior managers of corporations who want to do what Murdoch is trying to do with the Sky buy out have to pass a "fit and proper" persons test. A little vague, but while Rebekah Brooks who is a senior member of Murdoch's staff now, is in place, they might struggle. She was the editor at the time when the Milly Dowler phone hack happened, which is what really tipped this phone hacking story from scandal to public outrage.

It's odd that Rebekah (yes, her name really is spelt like that) is being kept on. She offered to resign, but it was not accepted. It'll be interesting to find out just why she has been kept on.

It's sad. Lots of people have lost their job. They really have sacked the wrong red top*.

Murdoch could easily have carried on with the NotW and just sacked the senior managers and editors who were in charge at the time of these hacks, but they've chosen to sack everyone at the paper apart from the editor who was in charge.

The Sun on Sunday, or The Sunday Sun will almost certainly appear in a month or too though, so hopefully these people will get their jobs back.

*Red Top being a sensation tablod, like The Sun (The week day and Saturady version of the NoTW), The Mirror or TNotW, and of course, Rebekah Brooks is a read head, in case you didn't know.

