Rupert Murdoch, CEO of News Corporation and 20th Century Fox and other significant properties, has managed to become the media baron of the world. He became a feared leader of conservative politics and also someone who seemed to believe he was not required to follow the rules of behavior and law that others felt obliged to obey.
It is inconceivable that he or his lieutenants were unaware of the hacking of cell phones in the U.K. There have been accusations that his news media tried to obtain phone lists of family members of 9-11 victims.
Murdoch’s British lieutenant, Rebekah Brooks, stepped down earlier today, Friday. Then this very same day Les Hinton, chief executive of the Murdoch-owned Dow Jones & Co. and publisher of the Wall Street Journal, announced he was resigning immediately. No yet knows the real reason for the Hinton resignation.
Obviously there are many people in the media who would like to see his empire fail. In this case his hubris really has brought his stumble. I hope it’s his downfall. He deserves a little humbling.
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