Despite Scandal, Analyst Says Rupert Murdoch Will Control News Corp Destiny

A foam pie-slinging Parliament hearing, accusations of nepotism, speculation about a CEO shakeup and a phone hacking scandal won't sink News Corp. stock if the market is any indication. Rupert Murdoch's testimony to the U.K. parliament Tuesday "clearly saved the stock," wrote David Joyce, a media analyst at Miller Tabak & Co, in a statement to ABC News. Murdoch told parliament the phone hacking probe was the "most humble day of my life." But he also said that the scandal was not his fault --...Full Story
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