Andy Coulson is guilty of conspiracy in the UK phone hacking scandal, which tarnished the reputation of Rupert Murdoch's News Corp. and led to the shutdown of the News of the World tabloid, according to a British jury.
Coulson's former boss and Murdoch protégé, Rebekah Brooks, was acquitted.
Coulson left his edit job in 2007 to serve as head of communications for UK prime minister David Cameron, who has since apologized for hiring the ex-News Corp. staffer.
The hacking scandal, which became public in 2007, infuriated the British people after revelations that the phone of an abducted 11-year-old was hacked.
Brooks was editor during the Dowler intercepts with Coulson her deputy. She went on to head News Corp.’s British newspaper group.
She has denied she knew anything of the hacking.
News Corp. has no comment concerning the Coulson and Brooks decisions because it faces further legal proceedings.
So far, News Corp. has settled more than 700 hacking claims. During the nine-month period ended March 31, the company has shelled out $144M in fees/charges for "UK newspaper matters." Twenty cases are pending.
Unloads Brooklyn Newspaper Group.
News Corp. has agreed to sell its Brooklyn-based Community Newspapers Group to Les and Jennifer Goodstein.
The 11 properties include Bay Ridge Courier, The Brooklyn Paper, Bay News, Bronx Times Reporter, Bay News, Caribbean Life, Bayside Times and TimesLedger, which have a combined weekly circulations of 235K.
The Wedding Guide, Sweet Sixteen Magazine and various family-related magazines are part of the deal made with the husband and wife team.
Lester Godstein is a former News Corp. executive, who ran CNG from 2006 and 2013.
The Goodsteins own Manhattan publications such as The Villager, Downtown Express, Gay City News, East Villager News and Chelsea Now
Robert Thomson, CEO of News Corp. notes the sale follows the divestiture of the Dow Jones Local Media Group of 33 papers last year.
Those transactions help "reshape the News Corp. portfolio as we achieve greater globalization and digitization of our businesses with an eye towards long-term growth," Thomson said in a statement.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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