Ted Turner Says Murdoch Must Step Down
Cable pioneer Ted Turner, who once frequently tangled with News Corp Chairman Rupert Murdoch but recently made peace with him, predicted today (Tuesday) that the telephone hacking scandal that has embroiled Murdoch's British newspaper unit, will eventually force him to step down. In an interview on Bloomberg TV, Turner said that Murdoch has never previous "survived anything like this. This is serious." He criticized Murdoch's response to questions during a recent parliamentary hearing in which he said that he wasn't aware of the hacking by reporters for his London tabloid News of the World or of alleged payments being doled out to police for information. "Well, he should have known," said Turner. "He was chairman of the board. He's responsible. I took responsibility when I ran my company. You never heard me say, 'Well, I didn't know.'" Turner's comments came as news reports indicated that News Corp is expected to Settle a lawsuit brought by the parents of the murdered schoolgirl Milly Dowler, whose phone was hacked by a private detective working for News of the World. Reports indicated that the Dowlers have been offered $4.7 million, which would represent the largest settlement of its kind.