News Corp. Lets Murdoch Off Easy

    ARCHIV: News about Rupert Murdoch is displayed on the Fox News ticker at a building which houses the News Corp. headquarters in New York, USA (Foto vom 15.07.11). Murdoch accepted the resignation 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 controversy claimed its first victim 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, effective immediately. (zu dapd-Text) Foto: Mary Altaffer/AP/dapd

    Mary Altaffer / AP Photo

    News Corp. board members have a cushy job that “pays over $200,000 a year and requires lifting nothing heavier than a rubber stamp.” Sounds posh, but that’s precisely the problem at a company that requires some serious oversight, media reporter and columnist David Carr argues in The New York Times. There are plenty of reasons why the News Corp. board, which recently expressed its “full confidence” in chairman and CEO Rupert Murdoch, should be asking tough questions as the company is battered from all sides by hacking and corruption investigations. But that the board is stacked with family friends doesn’t help, Carr writes. Nor does the fact that “the board of News Corporation has no independence, little influence, and no stomach for confronting its chairman.”

    Read it at The New York Times