Thursday, July 21, 2011

When Murdoch is down where does he get help?

Murdoch Gets Confidence Vote From Saudi Prince

News Corp. (NWSA) Chairman Rupert Murdoch, facing the fallout from alleged phone-hacking at a London newspaper, got a vote of confidence from Saudi Prince Alwaleed bin Talal Al Saud, one of the company’s largest shareholders.

Alwaleed remains “both supportive and confident in the leadership of Rupert and James Murdoch,” he said in an e-mail yesterday. Deirdre Bolton reports in today's Movers and Shakers on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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