• The Guardian, Monday, June 10, 2013 4:58 PM

News Corp. is considering paying as much as $850 million -- or maybe into the billions --to settle the U.S’s case against the company for violations of the Foreign Corrupt Practices Act, reports Michael Wolff.  The charges by the U.S. Justice Department relate to the 2011 phone hacking scandal involving News Corp’s Sun and News of the Worldnewspapers.  The Rupert Murdoch-controlled company is said to want the settlement to occur after June 28, the date when it splits into two distinct entities separating its newspaper properties from the rest of its entertainment empire.  It is also trying to ensure that its U.S. television station licenses are protected, along with avoiding potential prosecutions, Wolff says.

 

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