Michael Wolff, author of a biography of Rupert Murdoch, has told Reuters that Murdoch–and his family–must go. “I don’t think this company can go forward–both News International and News Corporation–with the Murdochs running it.” Wolff believes the legendary Murdoch name itself has, after weeks of scandal surrounding phone hacking and the closing of the company’s News of the World, become toxic. “I think the Murdochs have to, and will, step out of not only day to day running it, but they won’t have jobs.” Wolff says that will likely happen within 60 days.
Among the major issues, Wolff says, is Rupert Murdoch’s age. “Rupert is eighty years old. He’s not a young eighty, either. And I think he has lost his grip on the leadership of this crisis.” Wolff says leadership at News Corp. must pass from the family because “Rupert is too old and James is too young and inexperienced–and we’re seeing the results.”
Watch it here, from Reuters:
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