3Qs: News Corp. may still have a price to pay
News Corporation, the world’s second largest media conglomerate, and its CEO, Rupert Murdoch, have been plagued by scandal since it was revealed that journalists at the company’s British tabloid, News of the World, had hacked into voicemail accounts belonging to celebrities, politicians and other public figures. Harlan Platt, a finance professor in the College of Business Administration who specializes in crisis response, says a company needs to take immediate and deliberate action if it hopes to survive a major scandal.
