The Cozy Compliance of the News Corp. Board – NYTimes.com

by peterjukes

“Ask anyone’s mother here who Rupert Murdoch is and you will get blank stares,” said Rich Greenfield, an analyst at BTIG, adding that other News Corporation assets seem unaffected by the scandal. At parties for the White House Correspondents’ Association dinner last weekend, many reporters remarked on how the hacking scandal had very little traction or traffic among readers.But the primary reason Mr. Murdoch has not been held to account is that the board of News Corporation has no independence, little influence and no stomach for confronting its chairman.Like many media companies including the one I work for, News Corporation has a two-tiered stock setup that gives the family control of the voting shares. The current board includes family members and several senior executives; the independent slots are filled by a host of familiars.

via The Cozy Compliance of the News Corp. Board – NYTimes.com.

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