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CITYBOY

News Corp's fortunes changed suddenly in early 2011. The evidence that the market domination of the News of the World and possibly the other Murdoch papers was based on illegal phone hacking, was overwhelming.

The public was outraged. In a desperate attempt to limit the damage Murdoch closed the News of the World. But it was too late. His political friends, including the Prime Minister abandoned him, his CEO Rebekah Brooks and a string of editors and journalists face criminal charges. The cosy relationship between the Murdoch press and the police led London's top police officer, Sir Paul Stephenson to resign. Prime Minister Cameron implicated through Jeremy Hunt's handling of the BSkyB bid and his relation-ship with Brooks, set up the Leveson Enquiry. Rupert Murdoch, his son James and Rebekah Brooks and the widespread media dishonesty was exposed in the course of the enquiry.

On 13 July 2011, MPs voted unanimously against the BSkyB deal and Rupert Murdoch abandoned the biggest expansion deal of his lifetime!