Murdoch Helps 'Clear Up' Stock Mess

Farrell, Mike
July 2011
Multichannel News;7/25/2011, Vol. 32 Issue 29, p21
The article reports that News Corp. chief executive officer (CEO) Rupert Murdoch's July 2011 testimony before the British House of Commons on the "News of the World" phone hacking scandal helped increase the company's stock. It says that the stock closed at 16.25 dollars on July 19, 2011, up 5.5% from the previous day. It states that Murdoch's performance, where he maintained to have no knowledge of the hacking, also helped squash speculation that he would give up his post.


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