News Corp would do well not to keep it in the Murdoch family
The chances that Rupert Murdoch would choose to shut a 168-year-old newspaper, a profitable one at that, are nil. The News of the World's closure is a sure sign that the man at the top, known for calling all the shots himself, isn't alone any more.
News Corp is a family-run company – and, more and more, a family imbroglio. Some of the intrigue: Rupert has ceded substantial power to his son James, who made the decision to close the NoW. While James's power is part of a calculated succession plan, he also has his own leverage: he is his father's closest family ally in accommodating Wendi, the patriarch's divisive third wife.… Seguir leyendo »