>>>>Look like things could be about to get difficult for Rupert
>>>>
>>>>http://www.telegraph.co.uk/news/uknews/phone-hacking/8633406/Phone-hacking-pressure-in-United-States-to-investigate-News-Corporation.html
>>>>
>>>>LOL
>>>
>>>I suspect you're right. If there is the hint of a way to shut the Fox News mouth, this latest pack of Dems will go after it like a pack of wolves.
>>
>>What blew this open in the UK was the news of the hacking of Millie Dowlers voice mail followed shortly after by the news of the hacking into the families of killed and injured servicemens voice mail.
>>
>>If anything like thats been happening in the US Rupert and family are in for a hot time.
>
>I've been watching News Corp stock during this and have found that the stockholders don't see much issue...yet. The stock is down ~14% and has not even hit the YTD low, which is still in line with a run of the mill pullback. The skiddish have been shaken out and the support ~16. I'd expect a significant drop to 13.5 or so if the 9/11 family member allegations turn out to have substance.

The issue might not be with the value of the product but wether the management is fit and proper. If nothing else Fox has proved that there is a market for a certain sort of media. Its not to my taste but a lot of people like it