Why Rupert Murdoch Quit Several Top Positions
News Corp chief's job may be 'fragile': Howard Kurtz
By Neal Colgrass, Newser Staff
Posted Jul 22, 2012 4:17 PM CDT
Updated Jul 22, 2012 4:50 PM CDT
Media mogul Rupert Murdoch and his wife, Wendi Deng, arrive at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Thursday, July 12, 2012.   (AP Photo/Paul Sakuma)

(Newser) – Rupert Murdoch has resigned from the boards of several companies that control his newspapers, as the Telegraph reported—but why? News Corp called it “nothing more than a corporate housecleaning exercise," but Howard Kurtz writes this at The Daily Beast: "Don't buy it." Besieged by the phone hacking scandal in Britain, "Murdoch’s position as head of the mega-corporation may be more fragile than previously believed."

Murdoch's world is already upside down. He plans to partition his newspapers into their own revenue stream, possibly to unload "the less lucrative newspaper properties," writes Kurtz. His top lieutenants have been arrested, The News of the World is gone, and his son James "was badly damaged in the scandal." Now this? Murdoch may be trying "to appease his critics, protect his base, or lay the groundwork for an exit strategy. The only certainty here is that Murdoch does not do such things randomly." Click for the full article.

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Showing 3 of 6 comments
adventuregirl
Jul 23, 2012 9:36 AM CDT
That young wife probably gets up each morning and thinks to herself "Damn that old bastard is still alive?"
pg13
Jul 22, 2012 8:33 PM CDT
Executive summary: He won't tell us why he quit but I bet it was strategic and probably evil.
myflap.blow
Jul 22, 2012 8:30 PM CDT
he's Mitts pick for VP?