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Murdoch Son Also Rises as Shareholders Study CEO Succession

• bloomberg.com

News Corp. Chairman and Chief Executive Officer Rupert Murdoch was stepping onto an elevator at the Allen & Co. media gathering in Sun Valley, Idaho, last year, when he was asked about a $1.1 million settlement his company had just paid. The money went to resolve a claim that reporters at a News Corp. newspaper in London had illegally listened to the voicemail messages of a British sports official.

He hadn’t heard of any such settlement, Murdoch said.

“If that had happened, I would know about it,” he told Bloomberg News at the time.

Murdoch’s son, James, knew, according to two people familiar with the situation. James Murdoch, head of News Corp.’s businesses in Europe and Asia, negotiated the settlement himself in an effort to end the controversy, the people said.
 
 

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