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Murdoch grip on reins comes under fire in hacking

Akira Suemori Members of the media gather outside News International’s office in London, Monday, July 11, 2011. Deputy Prime Minister Nick Clegg on Monday urged Rupert Murdoch to reconsider his bid for broadcaster BSkyB, citing an outpouring of revulsion that followed the phone hacking scandal that hit the tabloid News of the World. “factbox” –> More News As investors punished News Corp.’s stock again on Monday, questions arose anew about the leadership of its chief executive, Rupert Murdoch. The phone hacking scandal in Britain now threatens to engulf top executives and has hobbled the company’s stock, which has stagnated for a decade. If News Corp. operated like many corporations in the…