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Is James Murdoch's Demise Imminent?

 
 
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 The New York Times:

“It now seems to be everyone for themselves,” said Paul Farrelly, a Labour member of Parliament who has been a prominent critic of News International. “The edifice is cracking; they’re all fighting like rats in a sack.”

Anyone who watched the Murdoch testimony to Parliament last week could see as much: father Rupert faked old and senile, while son James agitatedly and often defensively tried to explain away when and what he knew. But the Times is forecasting an even bleaker future for James and advancements in the story that could finally put a Murdoch head on the chopping block. 

On Thursday, the BSkyB board will meet for the first time since the whole brouhaha began, and there is speculation that they could ask James Murdoch to step down as its chairman—particularly since its broadcasting license is up in the air pending an investigation into whether it is "fit and proper" enough to hold it.

Meanwhile, former senior executives at News International are accusing the younger Murdoch of being far more embroiled in the hacking scandal than he's let on—accusing him of making "mistaken" statements and "serious inaccuracies" to Parliament—setting the stage for more questioning.

And:

Mr. Murdoch could also face a challenge from another source, according to several lawyers and executives with knowledge of the proceedings. The source is an outside attorney who was also privy to discussions surrounding a confidential settlement to a phone hacking victim in 2008, which Mr. Murdoch approved, according to several lawyers with knowledge of the proceedings.

Mr. Murdoch said he had relied on “outside counsel” in settling that case.

 Things are not looking so good for "Smithers." Read the whole piece here.

AlterNet / By Julianne Escobedo Shepherd

Posted at July 25, 2011, 5:33am