{"id":5368,"date":"2011-07-12T01:57:41","date_gmt":"2011-07-12T08:57:41","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5368"},"modified":"2011-07-12T01:57:41","modified_gmt":"2011-07-12T08:57:41","slug":"republican-ministry-of-propaganda-hit-hard","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/07\/12\/republican-ministry-of-propaganda-hit-hard\/","title":{"rendered":"Republican Ministry of Propaganda Hit Hard"},"content":{"rendered":"

The scandal encompassing the official Republican Minister of Propaganda, Rupert Murdoch, is a gift that keeps giving.  The value of Murdoch\u2019s empire has now dropped $7 billion.  He certainly deserves it.  And after all the screaming Faux Noise<\/em> Republicans did over the poor 9\/11 victims, whenever a Democrat tried to defend the right of Muslims to worship in the neighborhood, we now learn that they apparently tried to bribe NYC police for the information needed to hack their phone records.  here\u2019s the latest.<\/font><\/p>\n

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\"12Newscorp\"News Corp. (NWSA)\u2019s loss of $7 billion in market value over four trading days shows investor concerns that a probe into alleged phone hacking by journalists at one London newspaper could have a broader impact on the company. <\/p>\n

Rupert Murdoch\u2019s New York-based media company tumbled $1.27, or 7.6 percent, to $15.48 in Nasdaq Stock Market trading yesterday, the biggest drop since April 2009. It was the fourth straight decline in the company\u2019s closing price, cutting its market value by 15 percent to $41.2 billion. <\/p>\n

The slide is far out of proportion with the lost profits from closing the News of the World tabloid or from delaying the acquisition of the satellite-TV provider British Sky Broadcasting Group Plc (BSY), said David Bank, an analyst at RBC Capital Markets in New York. Investors are concerned about the scandal\u2019s effect on other News Corp. holdings, which include the Fox TV networks and film studios, the Wall Street Journal and three other newspapers in the U.K\u2026<\/p>\n<\/blockquote>\n

Inserted from <Bloomberg<\/a>><\/p>\n

That\u2019s the financial information.  Ed Shultz interviewed Glen Greenwald on the Fox connection.<\/font><\/p>\n

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Visit msnbc.com for breaking news<\/a>, world news<\/a>, and news about the economy<\/a><\/p>\n

Keith Olbermann covered all aspects of the scandal in depth on Countdown<\/a>.<\/font><\/p>\n