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Wednesday, May 02, 2012

News Corp

A British parliamentary committee has issued a report, the majority of members stating that Rupert Murdoch is not a "fit person to exercise the stewardship of a major international company."

The price of the shares of News Corp rose 1.7% in the afternoon, demonstrating that shareholders fancy the idea of the company without the presence of the Murdochs,  who continue to treat it as if it were a private company and their own fiefdom. A rise in price was anything but a vote of confidence in Rupert Murdoch; it was the way the market added its 2 cents to the report.

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