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Submitted: May 7, 2012 - 8:30am
Last updated: May 7, 2012 - 8:53am
Last updated: May 7, 2012 - 8:53am
Source:
Associated Press
Author:
Raphael Satter
Location:
News Corp, 1211 Sixth Avenue, New York, NY, United States
If the phone hacking scandal gripping Rupert Murdoch's News Corp. (NWSA) empire has a familiar ring, it might be because you've heard the story before. Scrappy outsider turns modest newspaper business into international media conglomerate. Ambition turns to hubris. Mogul dramatically falls from grace. From William Randolph Hearst to Rupert Murdoch, many media barons' stories follow a familiar arc.
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