Will Murdoch Spin Off Scandal-plagued UK Newspapers?
News Corp may spin off its British newspapers in order to prevent the scandals that have infected them from contaminating the rest of News Corp, the London Daily Telegraph and the Financial Times reported today (Monday), citing no sources. The newspapers said that such a move would likely be a prelude to a new initiative by Rupert Murdoch's media conglomerate to take full control of satellite broadcaster BSkyB. Murdoch, however, quickly fired off a statement maintaining that his company is "firmly committed to our publishing businesses ... and any suggestion to the contrary is wholly inaccurate." The Telegraph observed that BSkyB shareholders are already preparing to renew their battle with Murdoch if he decides to make another effort to control the satellite company.