BSkyB deal overshadowed by phone-hacking scandal

Even though the very last edition of News Corp.-owned News of the World hit the stands yesterday, the phone-hacking scandal that pushed the 168-year-old tabloid into closure is now casting a shadow on Rupert Murdoch’s attempt to buy British satellite broadcaster BSkyB.

Investors sold off News Corp. shares today, causing prices to drop more than 6 percent in early trading on the NASDAQ, while shares of BSkyB dropped up to 7 percent on the London Stock Exchange, paidContent reported. UK Culture Secretary Jeremy Hunt pressed regulators over whether News Corp.’s planned takeover of the broadcaster was still “credible.”

Meanwhile, the phone-hacking scandal continued to grow today, with reports emerging that former Prime Minister Gordon Brown was likely a target, and that News of the World reporters also accessed voicemails of bomb and murder victims, according to Reuters.

Information has also come to light showing that reporters from other News International (British newspapers owned by News Corp.) titles had also tried to access Brown’s voicemail, as well as bank account information and family medical records.

On its website, News of the World no longer contains past articles or photos, but rather an offer to purchase the official News of the World souvenir edition.

This entry was posted in BSkyB, News Corp., News International, Rupert Murdoch. Bookmark the permalink.

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