me too.... On Monday, April 22, 2013 7:32:05 PM UTC-4, Lonnie Clay wrote: > > I use news aggregators like Reuters and Bloomberg, but mostly Google to > find out about things. If it's important enough to me, I check three or > four sources by using Google search. > > Lonnie Courtney Clay > > > On Monday, April 22, 2013 3:41:55 PM UTC-7, nominal9 wrote: >> >> shining knight of news reporting...?....the printed press is usually >> better at both hard news and opinion....though there are some stinkers >> there, too....I like the Christian Science Monitor, usually.... and, you >> may not like it but the NYTimes is usually spot on as to the facts in their >> hard news, although you may not agree with some of their "conclusions" >> slant....I like English Press, too... BBC, Guardian, Daily Mail for soft >> news... but there too the "conclusion" slant is "left"... otherwise spot on >> factually most of the time....Bloomerg, Reuters, AP mostly good to go... >> Wall Street Journal... not so much since "Rupert" took it over.... >> >> CNN. too far right for me.... and MSNBC... not left enough.... HAR... >> >> On Monday, April 22, 2013 11:53:53 AM UTC-4, Lonnie Clay wrote: >>> >>> So where's the shining knight of news reporting? It's certainly not >>> CNN... >>> Lonnie Courtney Clay >>> >>> On Monday, April 22, 2013 7:49:14 AM UTC-7, nominal9 wrote: >>>> >>>> See, Lonnie?.... this is the Fox I know and deride....HAR >>>> >>>> http://www.bloomberg.com/news/2013-04-22/news-corp-agrees-to-139-million-investor-suit-accord.html >>>> >>>> News Corp. Agrees to $139 Million Investor-Suit Accord >>>> By Jef Feeley - Apr 22, 2013 9:53 AM ET >>>> >>>> - Facebook >>>> Share<http://www.facebook.com/sharer.php?u=http%3A%2F%2Fbloom.bg%2F17dGtii&t=News+Corp.+Agrees+to+%24139+Million+Investor-Suit+Accord> >>>> >>>> - >>>> - >>>> LinkedIn<http://www.linkedin.com/shareArticle?mini=true&url=http://www.bloomberg.com/news/2013-04-22/news-corp-agrees-to-139-million-investor-suit-accord.html&title=News%20Corp.%20Agrees%20to%20%24139%20Million%20Investor-Suit%20Accord&summary=News%20Corp.%E2%80%99s%20directors%20agreed%20to%20a%0A%24139%20million%20settlement%20of%20investors%E2%80%99%20claims%20that%20they%20turned%20a%0Ablind%20eye%20to%20illegal%20conduct%20at%20the%20media%20company%2C%20including%0Aphone%20hacking%20by%20employees.&source=Bloomberg.com> >>>> >>>> - Google >>>> +1<https://plus.google.com/share?hl=en&url=http://www.bloomberg.com/news/2013-04-22/news-corp-agrees-to-139-million-investor-suit-accord.html> >>>> >>>> - 0 >>>> Comments<http://www.bloomberg.com/news/2013-04-22/news-corp-agrees-to-139-million-investor-suit-accord.html#disqus_thread> >>>> >>>> - >>>> - >>>> Print<http://www.bloomberg.com/news/print/2013-04-22/news-corp-agrees-to-139-million-investor-suit-accord.html> >>>> >>>> - QUEUE >>>> Q >>>> >>>> News Corp. (NWS) <http://www.bloomberg.com/quote/NWS:US>’s directors >>>> agreed to a $139 million settlement of investors’ claims that they turned >>>> a >>>> blind eye to illegal conduct at the media company, including phone hacking >>>> by employees. >>>> >>>> Insurance covering News Corp.’s >>>> board<http://www.bloomberg.com/quote/NWS:US>, >>>> including Chairman Rupert >>>> Murdoch<http://topics.bloomberg.com/rupert-murdoch/>, >>>> will fund the settlement of >>>> lawsuits<http://www.bloomberg.com/quote/NWS:US>seeking to hold directors >>>> accountable for the scandal sparked by the >>>> exposure and attempted cover-up of illegal reporting tactics used by some >>>> News Corp. journalists in the U.K., according to a statement today by the >>>> company and shareholders who sued. The money will go into the company’s >>>> coffers rather than to individual investors. >>>> [image: Rupert Murdoch: $12 Billion Net Worth at Age 82] >>>> 0:39 >>>> <http://www.bloomberg.com/video/rupert-murdoch-12-billion-net-worth-at-age-82-TsliYh7ZQD%7Ece4w7r3%7EtYw.html> >>>> >>>> >>>> April 18 (Bloomberg) - Bloomberg's Betty Liu profiles News Corp. >>>> chairman Rupert Murdoch and the power he holds in the media industry. >>>> >>>> As part of the settlement, News Corp. officials agreed to tighten >>>> oversight of the company’s operations and set up an anonymous >>>> whistle-blower’s hotline for tips about misconduct, according to Delaware >>>> Chancery Court filings. Shareholders who sued alleged the board’s lax >>>> oversight allowed wrongdoing to flourish at the company and harmed its >>>> stock price. >>>> >>>> “As a condition of the settlement, these enhancements will be adopted >>>> by both companies that emerge from the” split of New York-based News Corp. >>>> into two public companies, officials said in the statement. >>>> Largest Accord >>>> >>>> The settlement is the largest ever reached in a so-called derivative >>>> lawsuit in Delaware Chancery Court, said Jay >>>> Eisenhofer<http://topics.bloomberg.com/jay-eisenhofer/>, >>>> a lawyer for one of the suing shareholders, Amalgamated Bank. Eisenhofer >>>> is >>>> a partner at Wilmington, Delaware-based Grant & Eisenhofer. >>>> >>>> “We are proud of this historic settlement, which continues the >>>> 20-year-history of Amalgamated Bank encouraging corporate reform and >>>> improved corporate governance,” Edward Grebow, the bank’s president, said >>>> in a statement. Amalgamated Bank’s LongView Funds hold more than 455,000 >>>> News Corp. shares, according to the statement. >>>> >>>> News Corp. agreed last year to separate slower-growing publishing >>>> assets from its Fox television and film businesses after coming under >>>> pressure from shareholders. Murdoch will remain chief executive officer of >>>> the Fox side, News Corp. said. >>>> >>>> “We are pleased to have resolved this matter,” Nathaniel Brown, a News >>>> Corp. spokesman, said in an e-mailed statement. >>>> Hacking Arrests >>>> >>>> Today’s settlement is part of News Corp.’s push to move past the >>>> scandal over some journalists’ illegal reporting tactics and allegations >>>> that company executives covered up the practices. About 80 people have >>>> been >>>> arrested in connection with criminal probes, including Rebekah Brooks, the >>>> head of News Corp.’s U.K. publisher. >>>> >>>> News Corp. journalists are accused of hacking mobile-phone messages of >>>> more than 600 people, including U.S. actors Brad >>>> Pitt<http://topics.bloomberg.com/brad-pitt/>and Angelina >>>> Jolie <http://topics.bloomberg.com/angelina-jolie/>, soccer player Wayne >>>> Rooney <http://topics.bloomberg.com/wayne-rooney/> and murdered >>>> British schoolgirl Milly >>>> Dowler<http://www.cnn.com/2012/11/28/world/europe/milly-dowler-profile>. >>>> >>>> >>>> Last week, British prosecutors said the top editor of News Corp.’s Sun >>>> tabloid newspaper will be charged with authorizing bribes to public >>>> officials. >>>> >>>> Fergus Shanahan approved payments totaling 7,000 pounds ($10,600) to a >>>> public official in exchange for information between 2006 and 2007, >>>> according to a statement from the Crown Prosecution >>>> Service<http://topics.bloomberg.com/crown-prosecution-service/>. >>>> The bribes were uncovered as part of the hacking-scandal probe, >>>> prosecutors >>>> said. >>>> >>>> British lawmakers last year concluded Murdoch wasn’t “a fit person” to >>>> lead a major international company after finding News Corp. officials >>>> misled Parliament about the extent of phone hacking at the News of the >>>> World tabloid newspaper, which was closed in the wake of the scandal. >>>> ‘Blind Eye’ >>>> >>>> Murdoch “turned a blind eye and exhibited willful blindness to what was >>>> going on in his companies,” the House of Commons Culture Committee said in >>>> its report. News Corp. (NWSA) >>>> <http://www.bloomberg.com/quote/NWSA:US>directors countered that they >>>> maintained “full confidence” in Murdoch’s >>>> ability to lead the media company. >>>> >>>> Amalgamated Bank, based in New >>>> York<http://topics.bloomberg.com/new-york/>, >>>> and a Louisiana pension fund claimed in a lawsuit that some board members >>>> knew as early as 2009 that company reporters in >>>> England<http://topics.bloomberg.com/england/>routinely hacked into phones >>>> and bribed British police for stories. >>>> >>>> Still, directors refused to seriously probe claims of illegal reporting >>>> tactics for fear of angering Murdoch and his children who serve as News >>>> Corp. executives, lawyers for the City of New Orleans Employees Retirement >>>> System and Amalgamated Bank said in court filings. >>>> >>>> At a hearing last year before Chancery Court Judge John Noble in Dover, >>>> Delaware <http://topics.bloomberg.com/delaware/>, News Corp.’s lawyers >>>> disputed investors’ claims that board members participated in a cover-up >>>> because they were beholden to Murdoch and his family. >>>> ‘Evidence Shows’ >>>> >>>> “Rather than ignoring and covering up these matters, the evidence shows >>>> the board” moved to address the scandal quickly and openly, Gregory >>>> Varallo, a News Corp. attorney, told Noble. The judge had been deciding >>>> whether the case could proceed when it was resolved. >>>> >>>> News Corp. shareholders originally sued over the $675 million purchase >>>> of a U.K.-based television production company owned by Murdoch’s daughter, >>>> Elisabeth. They later amended their suit to focus on the phone-hacking >>>> scandal. >>>> >>>> “When institutional investors work constructively to improve corporate >>>> governance practices, good things happen,” Mark >>>> Lebovitch<http://topics.bloomberg.com/mark-lebovitch/>, >>>> a New York-based lawyer who represented the New Orleans pension fund, said >>>> in an e-mailed statement. >>>> >>>> The case is In re News Corp. Shareholder Derivative Litigation, CA >>>> 6285, Delaware Chancery Court (Wilmington). >>>> >>>> To contact the reporter on this story: Jef Feeley in Wilmington, >>>> Delaware at [email protected] >>>> To contact the editor responsible for this story: Michael Hytha at >>>> [email protected] >>> >>>
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