WSJ publisher quits in phone-hacking scandal
Jill Lawless and Robert Barr, Associated Press, On Friday July 15, 2011, 6:21 pm
LONDON (AP) — Rupert Murdoch accepted the resignations of The Wall Street Journal’s publisher and the chief of his British operations on Friday as the once-defiant media mogul struggled to control an escalating phone hacking scandal with apologies to the public and the family of a murdered schoolgirl.
The scandal has knocked billions off the value of Murdoch’s News Corp., scuttled his ambitions to take control of a lucrative satellite TV company, withered his political power in Britain — and is threatening to destabilize his globe-spanning empire.
The controversy claimed its first Murdoch executive in the United States as Les Hinton, chief executive of the Murdoch-owned Dow Jones & Co. and publisher of the Wall Street Journal, announced he was resigning with immediate effect.
http://finance.yahoo.com/news/WSJ-publisher-quits-in-apf-378370545.html?x=0
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