Share the wealth...of information. The bottom line is the bottom line here. The shareholder suit has some serious backing and their contention is that Rupert costs the company money by his nepotism, sketchy quasi legal behavior, and the suit also mentions the zany politics. All this, the suit in Delaware claims, costs News Corp shareholders money. Well, damn right it does and now they can prove it with an estimated $.25 billion in settlement costs in the UK for phone hacking. If one of the cable companies Murdoch may well have put out of business through the alleged piracy scheme of NDS (where both of his sons worked in 2002), then the damages are in the billions.
Best bet now is that if Murdoch has to give up the 39% of the British cable network, the loss of revenue there will justify his removal as chairman.
Murdoch said he wanted to compete in an open market of ideas on the latest charges of cable pay TV piracy. Well, we are and he's geting his ass handed to him
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