Murdoch hacking scandal latest

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  • eighthobstruction
    Full Member
    • Nov 2010
    • 6455

    Shame for ol' Rupert....them BSkyB shares are nice and cheap at the moment....[cunning plan?]

    I thought Hayman [Jack the Lad type]....was a comedy sketch writers dream....he should think himself lucky that Splitting Image is no longer on tele....

    ....3-4 hours of pure riveting entertainment....excellent....
    bong ching

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    • Lateralthinking1

      I see all this business about "inviting" the Murdochs to attend the select committee next Tuesday. Is the senior one still in the country? Look - I just think that this can be dealt with far more easily.

      With the consent of the Dowler family, and other innocent families mentioned, we need open letters in the Guardian, the Independent etc tomorrow morning asking him to visit each within 24 hours in the full spotlight of the television cameras and to express to them genuine remorse. Any lack of response to such a request should scupper his chances with the British public and advertisers for ever more.

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      • scottycelt

        Originally posted by french frank View Post
        The shareholders haven't really been mentioned, have they? I wonder who they are and what they think?

        And what was this earlier today about Murdoch launching a £5bn buy-back - what does that mean?
        Dearie me, french frank ... haven't you ever thought of 'Googling' ? ...

        Comment

        • french frank
          Administrator/Moderator
          • Feb 2007
          • 30608

          Originally posted by scottycelt View Post
          Dearie me, french frank ... haven't you ever thought of 'Googling' ? ...
          Thank you,scottycelt

          I've read this but I'm not sure that I really understand what the significance is. Does that mean there will be fewer shareholders? I suppose most of the shareholders will be corporate, pension and other investment funds and organisations that aren't capable of indignation or revulsion.
          It isn't given us to know those rare moments when people are wide open and the lightest touch can wither or heal. A moment too late and we can never reach them any more in this world.

          Comment

          • scottycelt

            Originally posted by french frank View Post
            Thank you,scottycelt

            I've read this but I'm not sure that I really understand what the significance is. Does that mean there will be fewer shareholders? I suppose most of the shareholders will be corporate, pension and other investment funds and organisations that aren't capable of indignation or revulsion.
            No problem at all, ff ...

            Your last sentence more or less sums it up ... ie, more power to Rupert & Son 'n' Chums ... and therefore less to individual shareholders ... always the huge weakness of corporate capitalism, of course .. and the answer? ... frankly, in the current environment, I haven't a clue! ... :cool2:

            Comment

            • johnb
              Full Member
              • Mar 2007
              • 2903

              [Edited back] As far as I can tell a $5bn buyback would represent about 12% of the total number of News Corp shares (not that I know anything about such things).

              Many companies do this, to an extent, from time to time in order to support their share price. Investors usually like it as it boosts the share price in the short term. (Not too sure about the long term though.)
              Last edited by johnb; 12-07-11, 21:58.

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              • Stunsworth
                Full Member
                • Nov 2010
                • 1553

                Originally posted by eighthobstruction View Post
                I thought Hayman [Jack the Lad type]....was a comedy sketch writers dream....he should think himself lucky that Splitting Image is no longer on tele....
                Cue the sketch...



                pretty accurate summary IMHO.
                Steve

                Comment

                • scottycelt

                  Originally posted by johnb View Post
                  From what I can see the $5b buyback represents roughly 12% of the shares in circulation.

                  Many companies do this from time to time in order to support their share price. Investors usually like it as it boosts the share price in the short term. (Not too sure about the long term though.)
                  It's the exact opposite of a new share-issue where companies provide more shares to raise money. Murdoch is consolidating his position and keeping current shareholders happy with an accompanying share price rise at the same time.

                  Johnb is right .. it's a temporary measure which rarely lasts as investors will soon focus on the long term ... and the share price can quickly fall back even lower than the original SP to reflect exactly that!

                  Comment

                  • mangerton
                    Full Member
                    • Nov 2010
                    • 3346

                    Originally posted by scottycelt View Post
                    There is a lot of sheer hypocrisy present here, but possible police corruption is ultimately the most serious issue, as how can a civilised society possibly operate unless there is no fear or favour afforded to anyone, rich or poor, by law enforcers?

                    Maybe I'm just old-fashioned ... traditional ... what the heck ...
                    You and me both, then, scotty. I listened to PM this evening, and thought it was a deplorable performance from the police. Not a good day for the Met.

                    Comment

                    • Lateralthinking1

                      World News Exclusive!

                      Today Rupert Murdock was seen bribing a nun who gave birth to three of his forty children. Sinead O’Wade, 43, first met Murdock in the early 1980s when he was a member of the Ku Klux Klan. It was only later following his conviction for armed robbery that she took pity on him and invited him to her convent. At times his heroin habit was a strain on her but she found the money helpful. "He was very close to the Columbians" she says "and I needed costumes to meet the royals".

                      O’Wade got on especially well with an Andrew who she describes as "the best man Rupert ever had sex with". Then came the night when she discovered that both men had been stealing from Help For Heroes. "I had to go to the police" she says "because it came as a real blow. I wanted to understand criminality". It was there that she met Rupert’s son James who was syphoning off funds from the Treasury to BNP students "but it was all officially authorized".

                      "I recall it vividly" she says. "It was at a conference Paul Stevenson had called entitled "Yes, it is true, Charles did bump her off, his relatives were all for it, and I helped." Rebekah somebody was present as the official stripper but she hardly spoke a word. A guy called Teddy George was building a nuclear rocket at a corner table. Oh yeah, and someone called Silvio was learning democracy from Chris Hoon, Eric Prickles, Bruce Forsythe and Peter Mendelson."

                      The three children of Murdock and O’Wade are now adults and she says that they have turned out very well. Liar Seraphim Twenty-Seven Murdock, 26, is now something big in the underworld. Cranberry Sleaze Australasia, 18, is a successful secretary in Warrington while the youngest Tiffany Osama Eggplant de Bango, 16, has already written a book using the pseudonym Lord David Icke.

                      None of them are in touch with their father but they visit their grandmother who is now 202. "She is always in such fine fettle" O’Wade says "but she no longer owns her empire of brothels". Does Rupert take after her? "No, not at all" comes the quickfire reply. Then, just as our interview ends, she whispers "You know, I think it is the kicking of homeless people that keeps them full of life." I look for a twinkle in her eye but fail to see one.
                      Last edited by Guest; 13-07-11, 12:39.

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                      • eighthobstruction
                        Full Member
                        • Nov 2010
                        • 6455

                        Roooooooooooooooose Bud.....
                        bong ching

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                        • amateur51

                          Originally posted by eighthobstruction View Post
                          Roooooooooooooooose Bud.....

                          Comment

                          • Stunsworth
                            Full Member
                            • Nov 2010
                            • 1553

                            Murdoch had withdrawn his bid, their head lawyer has resigned, Brooks is still there.
                            Steve

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                            • french frank
                              Administrator/Moderator
                              • Feb 2007
                              • 30608

                              Originally posted by Stunsworth View Post
                              Murdoch had withdrawn his bid, their head lawyer has resigned, Brooks is still there.
                              It's a climb-down after the defiant withdrawal of the agreement over Sky News yesterday(?).

                              I thought Cameron's Commons statement very good.

                              [I assume that the withdrawal of the bid also means Hunt's go-ahead falls?]
                              It isn't given us to know those rare moments when people are wide open and the lightest touch can wither or heal. A moment too late and we can never reach them any more in this world.

                              Comment

                              • Stillhomewardbound
                                Full Member
                                • Nov 2010
                                • 1109

                                I'm no fan of Cameron's but the Speaker said that he had handled interventions from 78 members in that session.

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