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View Diary: Murdochgate: Sen. Rockefeller Went to UK to Collect News Corp Bribery/Hacking Evidence + Brit Update (26 comments)

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  •  people have suggested (8+ / 0-)

    that from the finances between the two split companies, theyre prepared for a 1 to 1.4 Billion dollar fine. (and the largest fine before this comes to about 0.7 Billion )

    However all of those figures are the result of my shaky memory so I may be talking complete rubbish.

    Interviewer: What do you believe is behind this recent increase in terrorist bombings? Helpmann: Bad sportsmanship

    by ceebs on Wed Sep 18, 2013 at 12:47:48 PM PDT

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    •  No you're not (5+ / 0-)

      More on this in my New Republic piece

      On June 28th Fox News and the lucrative pay TV assets will be separated from the financially ailing and scandal-hit publishing assets. As the SEC filings make clear, the new 21st Century Fox group will not indemnify “violations of law… criminal fines or penalties” for the radically reduced News. Corp.

      Most Murdoch-watchers believe the sundering of his media empire was accelerated to contain the burgeoning legal and financial liabilities. The residual rump News Corp. is left with a balance sheet of about $12.4 billion, of which 10 per cent - around $1.2-$1.4 billion – has been written down. If that’s the FCPA fine, it will be the biggest DOJ settlement since Murdoch’s friend Michael Milken and Drexel Burnham Lambert in 1988.

      The Fall of the House of Murdoch -with Eric Lewis and all the latest Leveson evidence out now!

      by Brit on Wed Sep 18, 2013 at 02:00:14 PM PDT

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