The FBI opened a probe of News Corp.’s role in...
The FBI opened a probe of News Corp.’s role in the alleged hacking of 9/11 victims’ phones, the Associated Press reported Thursday. News Corp. declined to comment on the report. It remains unlikely that News Corp.’s problems with the News…
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of the World newspaper, shut on Sunday, could lead to the company losing its U.S. broadcast licenses, Stifel Nicolaus analysts wrote investors. The FCC has narrowly interpreted the role of character in broadcast licenses and has rarely invoked that factor when revoking or preventing renewal of a license, they said. The loss of such a license generally is due to felonies and/or misrepresentation to the government, they said. Several lawmakers on Wednesday (CD July 14 p7) urged the U.S. government to investigate possible News Corp. violations of the Foreign Corrupt Practices Act related to the phone hacking scandal. An FCPA conviction “would ratchet up the heat and could provide a basis for someone to call on the FCC to hold a hearing,” Stifel said.