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Murdoch regroups following hacking woes

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By The Drum Team, Editorial

August 11, 2011 | 2 min read

Still licking his wounds a chastened Rupert Murdoch has said he will do “whatever is necessary” to ensure there is no re-run of the phone hacking scandal which has shaken the very foundations of once mighty News Corp.

Announcing a 12% rise in income at his media empire Murdoch said: “I have run this company for more than 50 years. "The kind of behaviour that occurred in that newsroom has no place at News Corporation. It does not reflect the actions and beliefs of our more than 50,000 professional employees.

“It is important to note that there has been no material impact on our other operations," he said. "Our broad, diverse group of businesses across the globe is extremely strong today. The drivers of our businesses are intact, our position is strong and our future is promising.”

News Corp’s profits have risen largely on the back of strong results from its television assets, a fact which is likely to irk Murdoch who has seen his own bid for full ownership of BSkyB blown out of the water by recent scandals.

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