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dipsydoodle

(42,239 posts)
5. Your FCC has no merit or standing in the UK.
Tue Feb 7, 2012, 12:57 PM
Feb 2012

The article states : But U.S. investigators have found little to substantiate allegations of phone hacking inside the United States by Murdoch journalists, the sources added. So at least for the time being you can exclude the US too.

Aside from that. the U.S. Foreign Corrupt Practices Act (FCPA), is a law intended to curb payment of bribes by U.S. companies to foreign officials which in this instance has yet to be proven - neither of the two police officers previously arrested have been charged to date.

NewsCorp doesn't have or need a licence to operate TV media in the UK : the licence is held by BSkyB in which NewsCorp are simply shareholders.

All this chatter actually achieves from time to time is to lower NewsCorp's share price enabling them to pursue their avowed policy of buying back their own shares at reduced prices. That issue has saved them c. US$3 billion to date. Keep up the good work - Rupert must be proud of you.

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