Morning Links: Elisabeth Murdoch Won’t Be at News Corp. Board Meeting

Did Nicholas Schmidle’s New Yorker story “Getting Bin Laden: What happened that night in Abbottabad” give the impression that he spoke directly with Navy SEALS? Many critics think so, according to WWD.

Guardian journalist Nick Davies thinks James Murdoch will have a hard time recovering, politically, from misleading Parliament, as he believes reports will show in the fall. He also thinks James’s reputation is shot with shareholders.

“Back in May 2008 he was shown evidence of criminal activity by reporters at News Of The World and he didn’t do anything about it. Investors have lost a small fortune as the shares have died. I think those shareholders may react to that committee report and say, ‘Well, you’ve got to go’,” Mr. Davies said in an interview with Deadline.

Tomorrow News Corp.’s board will meet for the first time since the scandal broke, according to the WSJ, to discuss how to distract shareholders from the mismanagement with Wednesday’s earnings reports. The reports will be good, they predict, due to the sale of MySpace and the the $12 billion they’re sitting on since abandoning BSkyB. Elisabeth Murdoch won’t be attending, and some small shareholders have filed a motion to force Rupert Murdoch to step down.

Although the economy is collapsing around us, again, already, television ad revenue has seen growth, reports The New York Times.

“We’re not at all afraid, and frankly we’re looking forward to the fall,” said Leslie Moonves, the chief executive of the CBS Corporation, referring to the start of the fall season.

Television might be like gold–twenty four-hour cable news it isn’t worth anything except a feeling of security during a scary time. It’s in high demand these days.


Morning Links: Elisabeth Murdoch Won’t Be at News Corp. Board Meeting