Ahead of those parliamentary hearings, Reuters Insider gets a look at exclusive new research from London’s Cass Business School analyzing 23 corporate crises involving $6 trillion worth of assets. It says spectacular management failures are inevitable if senior executives are blind to information risks.
News of the World
Today’s graphic is a timeline of the events of the long-running phone-hacking scandal that has closed the 168-year-old News of the World tabloid. There was even more news today in that Rebekah Brooks has resigned as chief executive of News International. Check out all of the details below and let us know how you think the rest of the story will play out in the comments section.
Our Thomson Reuters Newsmaker event in London today made headlines with a speech by Labour party leader Ed Miliband on the UK media scandal getting attention across the world right now. In it he called for Prime Minister David Cameron to apologize for employing the former editor of the now disgraced News of The World as his ex-director of communications.
The UK Opposition party leader also called for the national Press Complaints Commission to be scrapped and the terms of a public inquiry to be established in the weeks ahead in the wake of the phone hacking scandal at the newspaper.
The News of the World is to close on Sunday following allegations crime victims and bereaved families may have had their mobile phones hacked into.
Mr Miliband said it was appropriate he was making his remarks at “an internationally renowned news organisation that for more than 160 years has maintained its independence and its integrity.”
Our UK&I Bureau Chief Jodie Ginsberg opened the Newsmaker by saying everyone in journalism needed to examine their own standards and ethics in the light of the investigations.
The scandal has been making headlines around the world and our Newsmaker event was broadcast direct via our live feed on the BBC and Sky News.
Thomson Reuters Newsmakers are hosted discussion forums that bring together the top global experts, CEOs, leading politicians (presidents, prime ministers etc.) and thought leaders to debate key issues.
Thomson Reuters Newsmaker events place Reuters editorial at the forefront of the global news agenda, underlining the power and reach of Reuters worldwide news operation and take place before an invited audience of influential figures from the worlds of business and finance, media, politics, Government and the arts. (more…)
A scandal that rocked Rupert Murdoch’s media empire worsened yesterday with claims that his best-selling News of the World paper hacked the phones of relatives of British soldiers killed in action. The latest allegations prompted News Corp to shut down the 168-year-old tabloid. Today’s graphic takes a look at the rest of Murdoch’s empire.
In a breathtaking response to a scandal engulfing his media empire, Rupert Murdoch moved to close down the News of the World, Britain’s biggest selling Sunday newspaper. The graphic below shows the average circulation in May 2011 for British Sunday newspapers. Notice how News of the World is way ahead of the competition. How do you feel about the tabloid being shut down?