News Corp. Decision on Splitting Up Expected by Thursday - WSJ.com The idea of the breakup is front and center almost exactly a year after a scandal blew up with the revelation that one of News Corp.'s U.K. tabloids had hacked the voice mail of a missing 13-year-old girl who turned out to be murdered. The scandal forced the closure of the News of the World newspaper, resignations of several senior executives and abandonment of News Corp.'s bid for the 61% of British Sky Broadcasting Group PLC it doesn't already own. News Corp. has publicly apologized for wrongdoing at its U.K. tabloid and has said it is assisting police, who are conducting various criminal probes into reporting practices. Rupert and James Murdoch have conceded they didn't move fast enough to deal with the scandal and apologized, but have denied being aware of illicit activities. "These issues will linger," Claudio Aspesi, an analyst at Sanford C. Bernstein & Co. said Tuesday. "Political obstacles related to the Murdochs' role in the U.K. won't go away." ---------------------------- How ironic is it that the FOX News where Sean Hannity has been howling about Imam Feisal Abdul Rauf wanting Sharia law to replace our existing laws is the very same FOX News whose parent company, the Rupert Murdoch controlled News Corporation, has as its second largest shareholder Saudi Prince Alwaleed bin Talal? Prince Alwaleeds uncle, King Abdullah, actually rules Saudi Arabia under Sharia law. Prince Alwaleed, who is reported to enjoy a close personal relationship with Murdoch, has become so enamored of Murdochs media success that he is starting his own 24 hour news station, a venture dubbed the Arabic FOX News Sharia Prince Owns Stake In FOX News Parent | Resurgence | Big Think ------------------------------ Murdoch apologized. He said he didn't know anything about it and wasn't involved, but apologized anyway. Fox News will stay with the "Entertainment Division". They hope to become the Network that defends Mitt Romney. Will second largest shareholder Saudi Prince Alwaleed bin Talal end up with more shares?