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Bloomberg, CNBC: Murdoch ‘Considering’ Stepping Down As News Corp. CEO

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» 68 comments

CNBC is reporting tonight that News Corp. CEO Rupert Murdoch–who’s due to testify in the News of the World phone hacking scandal before the British Parliament Tuesday–is “considering” stepping down as the company’s CEO. He would be replaced, CNBC reports, by COO Chase Carey.

Bloomberg, citing individuals “with knowledge of the situation” describes the elevation of Carey as something News Corp., not Murdoch, is considering:

A decision hasn’t been made and a move depends on Murdoch’s performance before Parliament Tuesday, said the people, who weren’t authorized to speak publicly. Murdoch would remain chairman, the people said.
Executives are concerned Murdoch, 80, won’t do well answering questions, two people said.

Watch the report from CNBC below:

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  • http://pulse.yahoo.com/_RBQ6AX3V7E3Z2ZYPHUESTAS5TQ Harman

    Wow, maybe its time for George Soros to buy News Corp!!

  • Anonymous

    Rupert is hoping that stepping down will keep him from doing the perp walk.  I hope not.

  • News Of The World

    Innocent people don’t step down. Get the cuffs ready.

  • Anonymous

    Let’s wait and see what happens.

    I am no fan of his at all, but thus far, there is nothing to implicate Murdoch directly. He is still responsible for the problems they have, but that is a matter for his Saudi masters…er..board and not a criminal issue.

  • Anonymous

    Wont happen, the Murdoch family is the majority shareholder.

  • Rk_pill

    Hey Ruppie, you might as well shut down Fox News while you’re at it.

  • Anonymous

    Fact: Big deal he is eighty years old. Chase Carey is as good as a Murdoch would be in the same position. Great news!

  • Anonymous

    I thought he fatally overdosed?

  • LMFAO!

    I’m sorry….but BWAHAHAHAHAAAAAHAHAHAHAHAHAHA!!!!!!!!

  • Jester345

    Murdoch is a vile-corrupt thug. Good riddance to this piece of garbage.

  • Anonymous

    Speculation is as dangerous as ignorance…..You fit both categories!!

  • News Of The World

    Touched a nerve, did I? Muwahh! Here’s a kiss for you.

  • Anonymous

    No nerve touched….was just trying to educate you is all…I see that I have failed.

  • Anonymous

    And your proof is?????

  • http://twitter.com/WorldDivider Mark Prior

    Liberals smell blood in the water so it’s not surprising this stuff is getting the type of coverage it’s getting here.

  • http://twitter.com/WorldDivider Mark Prior

    Liberals smell blood in the water so it’s not surprising this stuff is getting the type of coverage it’s getting here.

  • guest

    Apparently not the little deal you made this scandal out to be yesterday!

  • freestyler999

    Dream on? Who trusts CNBC?

  • Anonymous

    Anonymous sources is nothing more than water cooler gossip; this report belongs on gossip cop.  I find it terribly inadequate and very unethical when mediaite publishes stuff (read that garbage) like this with anony sources.  Just stirring the pot to get hits at their own expense.
    Shame on your mediatie; either get the sources on the record or quite posting tripe.

    Sad for you.

  • Anonymous

    Even if Murdoch were to step down, he would remain chairman. A chairman who controls News Corp. via a 38% stake in class B voting shares. Which puts limits on Independent directors of News Corp. and its board.

    It’s a family controlled business led by R Murdoch’s strong hold with voting shares.

  • Limpbaals

    I’m pretty sure they don’t want their source to end up like the whistle blower they just found dead. Murdoch is obviously cleaning his tracks and destroying evidence furiously in all likelyhood. Murdoch has the money and connections to get a VERY skilled hit-man, this unexplained death will remain so for perhaps forever.

    You are defending sickos who mess with children, you should be ashamed of the crap you have sunken to in defense of those scumbags. I would get my damn priorities in order if I was you, I think alot of tea-thugs are going to keel over from cognitive dissonance when all the evidence and voices hit that critical mass so that even the short bus riders finally understand that they got caught with their hands in the cookie jar.

    Sad For Humanity it is what the Teabaggers have brought us to, but hey, they really stopped that black guy for a couple of years, until they started tanking their party. Now they are starting to make Obama look good because the overwhelming majority of Americans, including a plurality of Republicans, think the rich should pay their fair share if others are asked to sacrifice. The loonies are done and they are taking the Pubes out to the dumpster with them. Good riddance to bad rubbish is what they usually say.

    Hey how is that Obama deal where he writes a number on a piece of paper, and that becomes the new debt ceiling increase. Tea thugs came out on top there, lololol. *does Yao Ming Face

  • Anonymous

    This story is all just too orchestrated- look for Media Matters and Soros’ fine Italian hand. 

    The Murdoch family is being Nifonged.

  • Anonymous

    VERY INTERESTING that this site calls it “stepping down” and on Daily Beast it say the News Corp board is talking about replacing Murdoch. just proves media sway in details to the sub conscious of readers.

  • Anonymous

    You must work for CBS or NBC or ABC…you are a sick puppy.

    Blame the death, as it were, on Soros and MM; they are working overtime to destroy Murdoc.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    BWAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAHAHA!!!

  • Anonymous

    There is no truth to this, at all! “Fox” said this was over-covered and wasn’t that big an issue. You know they are always fair and balanced and correct!

  • Anonymous

    And the hits keep on coming.  bah bye Prince of Darkness.

  • Anonymous

    It’s getting this kind of coverage EVERYWHERE!

  • The Real Royal Emperor

    In case you missed it, the Murdoch daughters pulled out the knives last night, and I’m not sure they are discerning as to target. In any event, the Saudi Royal Family stakeholders in NewsCorp aren’t going to partner up with Soros.

  • The Real Royal Emperor

    If “here” includes CNBC and Bloomberg, the two (2) most respected business news sites, domestically and worldwide, then you’re correct. Of course, Murdoch is considering stepping down. He’s gone toxic, and absent a swift, SWIFT, S W I F T reversal of fortune, there may be no other option.

  • The Real Royal Emperor

    Doesn’t matter. the shareheoldrs have taken huge hits, and Murdoch will be held responsible.

  • The Real Royal Emperor

    Please! Your kart o’ krap stinks. This story is being driven by the Guardian, the Telegraph, the BBC and SkyNews, with some generous feeding from all UK politicos.

  • Anonymous

    BWAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAHAHA!!!

  • Anonymous

    BWAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAHAHA!!!

  • Anonymous

    It’s getting this kind of coverage EVERYWHERE except creditable sources!!!

    Fixed it for ya!!

  • The Real Royal Emperor

    Most business men and women, worldwide. It has a huge, huge professional audience.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    BWAHAHAHAHAHAAHAHAHAHHAAHAHAHAHAAHHHHHHAHAHHHAHAAHAHAHA!

  • Anonymous

    Why doesn’t it surprise me that TRRE agrees with the construct that Murcoh had someone killed.

    Grow up, get a life.

    Some people jumped the shark on this story, mediaite only being one of them.

  • Anonymous

    Hopefully the downfall of Murdoch and this group of misinformation masters will finally bring about the sanity that is much needed in this country and around the world.

    At first I thought the British were just being overly dramatic about some tapped phone lines, but now there’s a dead body, police bribary, dozens arrested.  Makes Weiner’s deal look so small.

  • Anonymous

    That is what it looks like. Loss of market value, share price and revenue. Three strikes and all that.

  • Anonymous

    Actually, CNBC is pretty good, but CNBC International is excellent. Both can be trusted. They label opinion clearly and still show you the stock holdings that might conflict with the story. They really are the business source.

  • Anonymous

    Oh, look.  It’s a ‘liberal’ attempting to pin dead bodies on conservatives with no evidence.

    Haven’t seen that before!

  • Anonymous

    I see much gleeful hand-wringing and calls for Murdoch’s resignation for the actions of underlings and allegations against his associates.

    Now if only we can get the same set of ethos for “Fast and Furious.”

    Agreeance for the sake of intellectual honesty, progressives, regardless of how this turns out?

    Bueller… Bueller… Bueller…

  • Guest

    Rupert, like Dr. Frankenstein, lost control of the monsters he created.

    It could not have happened to a nicer chap.

  • Glenn Bovine

    I told you morons.

    Project Gunrunner started back in 2005.

    You tell us which president was in charge and which AG was appointed by said president.

  • Anonymous

    But wasn’t only a couple weeks ago that Eric Holder learned about things?

    But that’s no excuse.  Anything that happens under a person’s corporate structure is ultimately the sole responsibility of the man at top, the the set of ethos demanded of Murdoch.  And if we’re to use the same set of ethos, we would be talking about the president resigning, wouldn’t we, and not simply NewsCorp’s Chief Operating Officer (or whoever the equivalent to the Attorney General would be).

    Point lost on you, it seems.

  • Glenn Bovine

    I like your line of stupidity.

    Bush, the Dick, Condi, and Dumbsfelt ought to be facing trials for war crimes in Iraq.

    Anything that happens under a person’s corporate structure is ultimately
    the sole responsibility of the man at top, the the set of ethos
    demanded of Murdoch.  And if we’re to use the same set of ethos, we
    would be talking about the president resigning, wouldn’t we, and not
    simply NewsCorp’s Chief Operating Officer (or whoever the equivalent to
    the Attorney General would be).

  • Anonymous

    There is no person as highly respected as the Medical Examiner. They will be believed even if they claim that a  murdered victim died from an accidental fall. Rarely are the findings of the Medical Examiner contested. It would not be difficult for a buddy of the Medical Examiner to strangle his wife and dangle her from a ceiling pipe. The findings would surely be suicide. It is frightening that any politically connected or wealthy person can murder whom ever they wish, most Medical Examiners can use a few extra bucks. The solution to ending the problem of  perfect murders would be to have the Medical Examiner water boarded after he turns in each of his findings.

  • Anonymous

    Guest said something along the lines of:

    But Bush!

    ad infinitum

  • Glenn Bovine

    So now, after I rubbed your trap into your own filth, you are going to say “responsibility IS NOT the man’s at the top”

    Project Gunrunner started under Bush, run under Alberto Gonzales, you moron.

    Whose responsibility is that?

  • Sandie

    Moron yourself ……Don’t try to deflect and divert the current administration’s colossal screw up to 2005. Lets look at “Fast and Furious” (2009) as opposed to “Project Gun Runner” (2006).

    Operation “Fast and Furious” is the operation started by the Obama Administration in the fall of 2009 and ended in late 2010 shortly
    after the death of Brian Terry, a US Border Patrol Agent. The federal government purposefully allowed known or suspected gun
    smugglers to purchase guns at federally licensed firearms dealers in
    Arizona. The government did not seek to abort these gun purchases,
    intercept the smugglers after the purchases, or recover the guns they
    had purchased.   During the operation, at least 2,000 guns were released and tracked by ATF agents into Mexico,
    many of which have been linked to at least 150 shootings. Of the 2,000
    guns knowingly released by ATF agents, only 600 have been recovered by
    officials. The remaining 1,400 guns have not been recovered and possibly
    remain in the hands of drug gangs.
    http://www.cnsnews.com/news/article/gun-running-timeline-how-doj-s-operation
    http://en.wikipedia.org/wiki/Operation_Fast_and_Furious

    The ATF implemented Project Gunrunner in 2006 as a
    comprehensive strategy to reduce firearms and explosives related violent
    crime associated with Mexican criminal organizations operating in the
    U.S. and Mexico by preventing these organizations from unlawfully
    acquiring and trafficking firearms and explosives. Through Project
    Gunrunner, ATF works in conjunction with its domestic and
    international law enforcement partners to identify, disrupt, and
    dismantle the firearms and explosives trafficking infrastructure of
    criminal organizations operating in Mexico, along the border, and other
    areas of the U.S.
    http://www.atf.gov/firearms/programs/project-gunrunner/

    There was no illegal gun walking envisioned for Project Gunrunner when it was put in place in 2006. It was devised in the Obama Admin. and they are responsible for it.

    “The president has directed us to take action to fight these cartels,”
    Ogden begins, “and Attorney General Holder and I are taking several new
    and aggressive steps as part of the Administration’s comprehensive
    plan.” ……. hmmmmmmmmmm

  • Anonymous

    So now, after I rubbed your trap into your own filth,
    you are going to say “responsibility IS NOT the man’s at the top”

    Project Gunrunner started under Bush, run under Alberto Gonzales, you moron.

    Whose responsibility is that?

    Project Gunrunner is an operation of the. . . (ATF) intended to stem the flow of firearms into Mexico, . . . has a stated official objective to stop the sale and
    export of guns from the United States into Mexico. . .However, since September 2009 under Project Gunrunner, operation “Fast and Furious”, did the opposite…

    Operation Fast & Furious is the name of an illegal gun trafficking sting run by the United States Bureau of Alcohol, Tobacco, Firearms and Explosives
    (ATF). . . .The operation started in the fall of 2009 and ended in late
    2010 shortly after the death of Brian Terry…

    “But Bush!  No clear equivalencies – No!  Not between responsibility
    demanded of Murdoch and responsibility not required of Obama!  What’s
    intellectual honesty, anyway?  Bush!  I trapped you with my cleverness! 
    Bush!”

    Such is the argumentation of Guest accounts.  Yeah Disqus!

  • http://www.yossigestetner.com Yossi Gestetener

    Plus, Kudlow told us on April 12, 2010 that ”A V-Shaped Boom Is Coming,” Here is the link: http://www.cnbc.com/id/36421625/A_V_Shaped_Boom_Is_Coming

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Two most respected worldwide and domestically. WOW, can you wear some clothes, it has to be drafty with all that air thrashing about.

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Not necessary, this is a feudal/communist system they are attempting to set up.

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    I am SURRRRRRRRE you said the same thing when they espoused the party line that the economy was doing great.

    RIGHT? By the way, I am sure you are greatly appreciative that they did not ever say that you should invest in gold to hedge the possible economic debacle. You are kind of funny in a sad way.

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Do you spin your invisible clothes from threads of gold? Can I buy your invisible clothes for $1600 a surreal ounce?

  • Anonymous

    Fact: Thank God for Murdoch and Fox News because the world would be full of worthless punks that can’t pull their own weight in life and would rather steal it from somebody else’s belongings before earning it themselves. Life doesn’t give everybody the same paths and the sooner you progressive socialist learn it the quicker we keep from changing into the failed economy of Europe. Public education union skank teachers have failed to produce a generation of thinkers and it shows by postings like yours.

  • Anonymous

    Fact:The insertion of one man’s sack into another person’s mouth. Used a practical joke or prank, when performed on someone who is asleep, or as a sexual act is an act by a democrat. How can a gay democrat stop Obama doesn’t make any sense Moron! Unless you are reffering to Tea Party that want less government spending and to Cap and Balance the economy to what income is earned by the government.

  • Anonymous

    Fact: he will still be active in his company he is just dropping day to day decision making id ot!

  • Anonymous

    Fact: UK news is still a non issue here in USA. What has changed other than liberals acting as liberals. Nothing they are still insane with ideas of not being in control.

  • Anonymous

    Who cares if he steps-down, I don’t give a dam. The damage is already done i.e. The Sun, Fox News, NY Post etc. 

  • Anonymous

    Weiner!

  • Anonymous

    I was first barraged by Conservative insults in 1977 at Logan Airport while I was in college.  There was a young lady with pamphlets about nuclear proliferation.  She asked me my opinion and I began to say what a nicer world it would be without nuclear weapons when she went into a tirade, calling me a “Jane Fonda loving, tree hugging, liberal marxist………..”  screaming at me as I walked away, and continuing to scream at me as I made my way to the gate.

    I had no idea that people could be like that.  I was used to having discussions and talking issues out back and forth with my family and friends, finding solutions to problems.  I grew up learning about how this country was built on compromise and the government was a system of checks and balances and and that freedom meant you could say of do what you wanted as long as you weren’t harming someone else.

    I believe the people who are ‘stealing’ are the ones undermining the middle class – the Mega Rich and the Mega Corporations who take from society, buy don’t contribute their fair share. 

    We also learned about generalizing (as in skank teachers and progressive socialist) is predjudice.  I had some very good teachers and there are millions of very good teachers out there, I’m sure you had some.  In basic logic you learn that the term ‘all’ often leads to a false statement, as in ‘all progressives are socialists’, ‘all union teachers are skanks’.  Conservatives often insult using generalizations resulting in false statements.

    That’s the real ‘just the fax’.

  • rajeev

    Vanden Heuvel on Murdoch ‘The sky has fallen on him’
    http://youtu.be/1Z1v1IX65vI
    RT Today (The Alyona Show)

  • rajeev

    Mark Joyella did you agree with Katrina vanden Heuvel analysis on news corp Empire.

  • Anonymous

    Thank God for Murdoch and “Fox” News,…………..
    He’s serious!

  • Anonymous

    As James and Rupert testified, News Corp’s stock rose steadily.  Clearly, the succession plan is for James to ascend, and for now, Rupert isn’t going anywhere and stated the same in the hearings.   Most importantly, James Murdoch handled the testimony very well, and probably provided a long-term boos to the stock since future leadership was in question.

    Strange week for News Corp.  

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