Data provided by iNet BFA
Loading...
See More

Murdoch apologises for hurt caused

Jul 15 2011 18:11 Reuters & Sapa

Related Articles

Brooks resigns in wake of scandal

Murdochs refuse to go before UK parliament

FBI probes News Corp

Murdoch fights to save paper business

News Corp backs down from BSkyB bid

Scandal weighs on Murdoch stocks

 
London - News Corp chief executive Rupert Murdoch has written a personal apology to be published in British newspapers for the hurt suffered by people targeted by phone hacking at his News of the World tabloid.

The apology will be carried in all national newspapers this weekend under the headline “We are sorry”. The text was released by the company’s News International UK arm.

“The News of the World was in the business of holding others to account. It failed when it came to itself,” Murdoch wrote in an article signed off “Sincerely, Rupert Murdoch”.

“We are sorry for the serious wrongdoing that occurred. We are deeply sorry for the hurt suffered by the individuals affected,” he added.

“In the coming days, as we take further concrete steps to resolve these issues and make amends for the damage they have caused, you will hear more from us.”

The public disgust that erupted over reports that the News of the World may have hacked into the voicemails of murder victims and other vulnerable people prompted Murdoch to close the News of the World and pull a $12bn bid to buy the 61% of British pay-TV broadcaster BSkyB he does not own.

Tom Mockridge, who was appointed chief executive of the crisis-hit British newsapaper group News International on Friday after Rebekah Brooks quit, is one of Rupert Murdoch's most trusted lieutants.

Murdoch has put huge faith in the 56-year-old Mockridge, currently the chief executive of News Corp.-owned broadcaster Sky Italia, by giving him the task of saving his once prestigious newspaper division amid the phone-hacking scandal.

A former Australian government spokesperson, Mockridge has considerable experience in both journalism and public relations, a combination the Murdochs hope will help him defend News International from political attack.

Mockridge has worked for the Murdochs for 20 years and is seen as being particularly close to Rupert Murdoch's son and heir apparent James, the chairman of News International and deputy chief operating officer of News Corp.

"Tom is an outstanding executive with unrivalled experience across our journalism and television businesses," said 38-year-old James Murdoch in a statement after Mockridge's appointment was announced.

bskyb  |  news of the world  |  news corp
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Where can you stash your cash?

Fin24 user Tinashe Guramatunhu presents a review of the best way to invest a windfall or bonus.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...