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Tuesday, July 12, 2011

RUPERT MURDOCH: News Corp considering selling off remaining UK newspapers!

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File photo - News Corp chief Rupert Murdoch arrives at his home in Westminster in London - AFP
File photo - News Corp chief Rupert Murdoch arrives at his home in Westminster in London - AFP.

Michael Woolf alleged that executives at the media mogul's parent company, News Corporation, were discussing the possibility of disposing of their UK subsidiary News International, which owns the Times, the Sunday Times and the Sun, as well as the News of the World before it was closed.
Wolff, the author of Inside the Secret World of Rupert Murdoch, said that there is a faction within the media conglomerate asking. “why do we own newspapers anyway?” the Telegraph reports.
Wolff’s comments suggests that News Corp is examining radical options to contain what has escalated into its biggest crisis since facing the threat of bankruptcy in the early 1990s.



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