The phone-hacking scandal at News Corp.’s U.K. newspapers simmered for nearly five years before erupting on the national scene in July 2011 amid the discovery that journalists had hacked the phone of a murdered schoolgirl.
That fateful summer’s day, Rebekah Brooks was at a fertility clinic in London with her cousin, who was to be a surrogate mother for the News Corp. executive after several failed attempts to have a child.
The two-year-old Wall Street Journal weekend magazine and the newspaper’s daily New York City section are profitable, according to Les Hinton , chief executive officer of News Corp. ’s Dow Jones division.
Les Hinton, chief executive officer of News Corp.’s Dow Jones & Co. unit, said he is resigning, the media company’s second executive to step down today amid accusations of phone hacking by its journalists.
News Corp., the media company facing an investor uprising over its business practices, was alerted to a plan to inflate circulation at the Wall Street Journal Europe almost a year before the newspaper’s publisher resigned, according to a former employee and internal documents.