News Corp share slide almost 6% on phone hacking arrest

[alp227]

Source: BBC News

Shares of News Corporation, the company owned by Australian billionaire Rupert Murdoch, have dropped almost 6% to a two-year low.

The slide comes as an investigation into phone hacking in the UK has widened and a key figure was arrested.

News Corp owns the two newspapers at the heart of the scandal, The Sun and the now closed News of the World.

In morning trading in Sydney, the shares were down 5.5% at 13.91 Australian dollars (£9.20).

Read more: http://www.bbc.co.uk/news/business-14181119

[FreakinDJ]

1. Tisk tisk tisk - Oh Boo Fucking Whoo

Live by the propaganda Die by the propaganda

Hopefully the blogasphere will blow this story up to kingdom come

[izquierdista]

2. Oh goody!

Memo to self: Buy puts on News Corp. This stock is on an Enron trajectory.

[Phlem]

3. 6%...?

I want 10% plus.

actually I want news corp to disappear forever, screw the fucking pony.

-p

[BrightSideOfLife]

4. LOL LOL LOL LOL...

Too bad they'll find a way to get away with it. DOJ only cracks down on progressives and democrats.

[lovuian]

5. He is on his way to losing his fortune

ya gotta love it

I wonder how much fox news stock will go down