SELL Murdoch Stock

Shares in Murdoch Companies Fall

Amplify’d from www.thedailybeast.com
Shares in Murdoch Companies Fall

Shares in Rupert Murdoch’s News Corp took a nosedive Thursday as a result of the News of the World scandal, as the paper’s parent company lost some $400 million in value. After the initial nosedive, News Corp. recovered and finished the day at $17.94. Fears over that the deal with broadcaster BSkyB would not go through—Murdoch has been hoping to acquire a 61 percent stake in the company—caused the company to lose some £666 million (roughly $1 billion) in value over the last week. While the News Corp deal is still expected to go through, BSkyB has lost 6 percent of its value in a week. Regulator Ed Richards suggested a “fit and proper test” to make sure media groups are adhering to high standards. The U.S.-traded company already lost more than $1 billion in revenue Wednesday.

Read more at www.thedailybeast.com

 

Advertisements

About stephenbishop

Just an ordinary guy trying to make it in this crazy world.
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s