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Displaying items by tag: James Murdoch

It's hard to believe, but at 4pm BST today it will be exactly a year since Nick Davies and Amelia Hill published online a leak from Operation Weeting, the newly recreated (third) investigation into phone hacking, and revealed that the News of the World had hacked the phone of a missing 13 year old schoolgirl, who was found dead six months later, murdered by Levi Bellfield.

That headline changed the political scene here in the UK. Within days the News of the World had closed, and New Corp were forced to withdraw their takeover bid for Britain's most lucrative broadcaster, BSkyB. Within two weeks James and Rupert Murdoch were summoned to appear before a Parliamentary select committee, and David Cameron was forced to set up the Leveson Inquiry.

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It was a long time coming, but inevitable six months ago. James Murdoch has stepped down as chair of News International, signalling the Fall of the House of Murdoch as the dynastic succession to Rupert's News Corp empire is finished. The official statement - which is probably worth no more than a host of News Corp press statements which have either turned out to be highly misleading in the past (some outright lies indeed)

News Corporation today announced that, following his relocation to the company's headquarters in New York, James Murdoch, deputy chief operating officer, has relinquished his position as executive chairman of News International, its UK publishing unit. Tom Mockridge, chief executive officer of News International, will continue in his post and will report to News Corporation president and COO Chase Carey. "We are all grateful for James' leadership at News International and across Europe and Asia, where he has made lasting contributions to the group's strategy in paid digital content and its efforts to improve and enhance governance programs," said Rupert Murdoch, chairman and chief executive officer, News Corporation. "He has demonstrated leadership and continues to create great value at Star TV, Sky Deutschland, Sky Italia, and BSkyB. Now that he has moved to New York, James will continue to assume a variety of essential corporate leadership mandates, with particular focus on important pay-TV businesses and broader international operations." "I deeply appreciate the dedication of my many talented colleagues at News International who work tirelessly to inform the public and am confident about the tremendous momentum we have achieved under the leadership of my father and Tom Mockridge," said James Murdoch. "With the successful launch of the Sun on Sunday and new business practices in place across all titles, News International is now in a strong position to build on its successes in the future. As deputy chief operating Officer, I look forward to expanding my commitment to News Corporation's international television businesses and other key initiatives across the company."

More as I get it. OK, this is all on the hoof. Yes James resigned from other subsidiary boards several months ago as I detailed in another diary. But this is the biggie: NI was bidding for BSkyB which he also chairs - expect a resignation there too. More news in - still involved in BSkyB - but again this is slow withdrawal. Expect more retreats soon http://www.guardian.co.uk/media/2012/feb/29/james-murdoch-resigns-news-international-chairman

Wednesday's move sees him give up responsibility for News Corp's crisis-hit British newspaper operation as he completes his relocation to New York. The man once seen as his father Rupert Murdoch's automatic heir at the top of News Corp retains existing responsibility for "global television", overseeing busineses including the company's 39% stake in BSkyB, Sky-branded pay-TV companies in Europe and Star in Asia – and only gains the opportunity to become involved with the company's US Fox television operation as he settles in across the Atlantic. James Murdoch's managerial move away from News International explains why he was not in London to help oversee the launch of the Sun's Sunday edition, which has been personally supervised by his father. Friends say he has been eager to leave the UK and drop responsibility for the Wapping newspapers for several months as the phone hacking scandal enveloped the London outpost of the organisation.

And there are rumours of a major arrest in the pipeline.. just sayin' IMPORTANT ASIDE: I've been in touch with Alastair Morgan, whose brother Daniel was brutally murdered in South London in 1988, by suspects with close connection to the NoW hacking team. These same individuals were sponsored by NoW to harass and survey the police detectives re-examining the case in 2002. Ceebs had a diary yesterday about it, Murdoch and Murder. Tom Watson is going to make an important statement at 4pm BST (11 am EST) about Daniel Morgan's murder. I expect, under Parliamentary privilege, he might make some explosive revelations.

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{jb_dropcap}No, there is no major news about the three major investigations into multiple phone and computer hacking, bribing police officials, or perverting the course of justice by News International in the the UK. Nor is there any major development in the DOJ investigation into the parent company Newscorp, for violating the Foreign Corrupt Practices Act, or other examples of systemic criminality (RICO violations) like the Floorgraphics case. No, the simple stunning verdict on the Murdoch Dynasty has been delivered by Newscorps Shareholders

Shareholders Deliver a Damning Verdict on James and Lachlan Murdoch


As handsomely diaried by Ceebs, last Friday's Newscorp shareholders meeting, held in high security in LA rather than in New York, was still a tumultuous affair, with many of independent shareholders calling the management to task over issues of corporate governance, probity, possible further legal actions, and of course the underlying complaint that Rupert Murdoch treats the public corporation like a 'family candy store'. Usually as Murdoch's biographer Michael Wolff explains in a tellingly titled piece: Rupert Murdoch: News Corp's great dictator on the brink

Under normal circumstances, Rupert Murdoch doesn't have much patience for the annual shareholders' meetings that are required by law of American public companies. He regards them as a farce, because they cannot change the outcome in a company where a voting majority is secure, and as an exercise in liberal corporate law designed to put him personally on the spot.

This time it was different. This time the voices couldn't be ignored, and they were joined by the stalwart British Parliamentarian, Tom Watson, initially a victim and now a persistent campaigner against both the industrial scale phone hacking in the UK (among other illegal practices) and the coverup. The vote was supposed to be delivered here last week. Now you can see the reason for the delay. Pegasus Corporate Governance has just tweeted the independent votes:

2011 AGM James Murdoch: For 59,297,033 (19.23%), Against 232,013,203 (75.24%) Abstain 494,831 Non-Votes 16,564,060
2011 AGM Lachlan Murdoch: For 67,175,479 (21.78%), Against 224,151,616 (72.69%) Abstain 477,972 Non-Votes 16,564,060

It doesn't constitute a majority since, though only owning 10 percent of the shares, the Murdoch family have 40 percent of the voting rights. But this is like Thatcher winning the first round of the votes in 1990 - not by a big enough margin. She was holed in the water. The vote of non confidence is resounding. As the Guardian puts it:

James Murdoch's future at News Corporation looks increasingly precarious as shareholders delivered a damning verdict on his tenure amid widespread criticism of his handling of the hacking scandal. Following a contentious meeting in Los Angeles last week News Corporation shareholders lodged a massive protest vote against James and his brother Lachlan Murdoch. A majority of independent shareholders voted against the re-election of chairman Rupert Murdoch's sons James and Lachlan Murdoch. James Murdoch received the largest vote against his re-election at 35%. James, 38, faces a second grilling in the Parliament next month over phone-hacking at The News of The World, one of News Corp's UK newspapers. Some 34% of shareholders voted against Lachlan Murdoch 40. After subtracting the shares controlled by Rupert Murdoch, 67% of the votes went against James Murdoch and 64% against Lachlan, said Julie Tanner, assistant director of News Corp investor Christian Brothers Investment Services (CBIS), who last week called for Rupert Murdoch to step down as chairman after the "extraordinary scandals" at the company. "Shareholders are saying loud and clear that this board has failed as a group," she said.
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Links and Contact Details

Live Tweeting

Over the last few years I've created some attention with my live coverage of the phone hacking trial in London, the most expensive and longest concluded criminal trial in British history. There are various accounts and articles about this on the web, including a radio play. My Twitter feed can be found here, and a collation of evidence from the trial, and all my live tweets, can be found at my Fothom Wordpress blog. There's also a Flipboard magazine and a Facebook Page. My Klout ranking is here.

More Journalism and Books

Various journalistic articles of mine are scattered throughout the web. There's some kind of portfolio at Muckrack. The most extensive reporting is for the Daily Beast and Newsweek, but there's more at the New Statesman, the New Republic, Aeon etc. I have two non fiction books published in the last year: The Fall of the House of Murdoch, available through Unbound or Amazon, and Beyond Contempt: the Inside Story of the Phone Hacking Trial, available via Canbury Press or also on Amazon. I am currently contributing to a new site for open source journalism, called Bellingcat, and advisor (along with Sir Harry Evans and Bill Emmott) to an exciting new crowdfunded journalism startip Byline

Getting in Contact

My generic email is my first name at peterjukes.com. That should get through to me pretty quickly. My Linked In profile is here. For non journalistic inquiries, for television stage and film, contact Howard Gooding at Judy Daish Associates. Examples of my television work can be found on IMDB. This links to the site for my forthcoming musical, Mrs Gucci. My radio plays can be found in various audiobook formats on Amazon and elsewhere.

 

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