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It's time for the U.S. to prosecute News Corp. (NWS), says Eliot Spitzer, and strip TV licenses...

It's time for the U.S. to prosecute News Corp. (NWS), says Eliot Spitzer, and strip TV licenses if it's guilty - because how likely is it that the company's overseas misdeeds stopped at the water's edge? The U.S. has been aggressive on the Foreign Corrupt Practices Act and needs to step up, if the British government has been even a little bit captured by NWS. (Murdoch drops BSkyB bid)
Comments (54)
  • 2PP
    , contributor
    Comments (349) | Send Message
     
    Client #9, if you can't make it on CNN are you relevant in this discussion? Call me a bottom feeder, but I bought 500 shares of NWS on this news.
    13 Jul 2011, 06:47 PM Reply Like
  • horatioatthegate
    , contributor
    Comments (39) | Send Message
     
    Looks like a slam-dunk for the Obama DOJ.

     

    .... unlawful for a U.S. person, and certain foreign issuers of securities, to make a payment …to a foreign official ….for the purpose of obtaining or retaining business for or with, or directing business to, any person.
    Notable cases of the application of FCPA are with BAE Systems, Baker Hughes, Daimler AG, KBR, Lucent Technologies, Monsanto, Siemens, Titan Corporation, Triton Energy Limited, and Invision Technologies.

     

    In 2008, Siemens AG paid a $450 million fine for violating the FCPA.

     

    Why should NWS be exempt? Case fits like a glove.

     

    Who knows where this goes? Roger Ailes? O'Reilly? Hanratty? Gretta? We can only hope.

     

    Eric Holder and Mary Schapiro, let’s get it on!
    13 Jul 2011, 07:14 PM Reply Like
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    the best outcome would be Fake News lose there US license for 18 months. turn network into another HSN.
    13 Jul 2011, 07:33 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    What license?
    13 Jul 2011, 07:36 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    thats what most of the communists are hoping

     

    shut down the one network that exposes liberal lies, fraud and incompetence

     

    cnbc is mentioning NWS every 10 minutes
    13 Jul 2011, 07:37 PM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    WIndsun33: FYI, All FOX affiliates must posses an FCC license to use the public airwaves in order to broadcast. The spectrum is a limited resource owned by the citizens of the US..
    13 Jul 2011, 08:18 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    The afiiliates are not owned by Fox.
    13 Jul 2011, 08:45 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Spitzer.. uhm.. isn't he the same guy that destroyed lives with tons of false accusations?"
    13 Jul 2011, 07:36 PM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    Apparently, he also likes hookers a whole bunch. Terry Gross has a great interview with a reporter on the case from last fall:

     

    www.npr.org/templates/...

     

    I hate career politicians, but the revolving door of regulators/ private-sector sucks too. I don't have any solution either, so maybe I should STFU.
    13 Jul 2011, 08:26 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Spitzer is instinctively calculating in everything he does in that it advances his own interests. I have been on the other end of a Spitzer crusade to go after a big company and it was political ambition. Notice Spitzer does not go down and catch the local corrupt grocery store owner. It is because he wants big brand names and a lot of publicity.

     

    First class AH. Just ask his wife.
    14 Jul 2011, 01:04 AM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    good thing nothing else important is going on like china selling missiles to iran and syria or moodys on downgrade watch
    www.washingtontimes.co.../
    13 Jul 2011, 07:40 PM Reply Like
  • DinNYC
    , contributor
    Comments (73) | Send Message
     
    Eliot Spitzer, if everyone got prosecuted for committing crimes...well, cmon, you'd be penning this opinion from a prison cell. I commend you on paying for a hottie, but I simply think you should cease throwing stones from the comfort of your couch, inside your glass house. oooh, minor rhyme-age there
    13 Jul 2011, 08:00 PM Reply Like
  • discipline
    , contributor
    Comments (15) | Send Message
     
    Its funny how people would be irate if the government hacked there phones or personally medical files..but if NWS does it people think they should get a pass.
    13 Jul 2011, 08:01 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    There are no news from News Corp. News corp have only political agenda. Sooner or later it is going get caught.
    13 Jul 2011, 08:09 PM Reply Like
  • wyostocks
    , contributor
    Comments (7614) | Send Message
     
    Like MSNBC?
    13 Jul 2011, 08:30 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    No. I watch Bloomberg. Even it is own by republican, it is a news channel.
    13 Jul 2011, 08:32 PM Reply Like
  • Dawgeatdog
    , contributor
    Comments (83) | Send Message
     
    Bloomberg isn't a Republican. He's an independent. But if he did belong to a party he's obviously residing on the left as does Bloomberg business news.
    13 Jul 2011, 11:57 PM Reply Like
  • Speakeasy
    , contributor
    Comments (414) | Send Message
     
    If "Faux News" should have its license revoked, so should the Liberal's lap dog media. In reality, Google received the most requests for user data in 2010 from the US Govn. than from any other nation, and this was an increase from prior years (source: Google Transparency Rpt). And by the way, that little provision of the Patriot Act allowing telephone wire tapping, yes remember ? The one that the lap dog media made such a stink about when Bush was in office? Well, it was never repealed, still there, but now the Mr. O is in its Ok!
    We have a TSA that is socializing us for the police state and cameras on the streets watching our move and phones that track our whereabouts. Congress has also discussed GPS in every vehicle to track how many miles we drive. And this is the land of the free?
    13 Jul 2011, 08:27 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    I ask again, what license?
    13 Jul 2011, 08:47 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    License to tap the phones.
    13 Jul 2011, 08:48 PM Reply Like
  • fxdudeinmia
    , contributor
    Comments (491) | Send Message
     
    I haven't heard any reports of MSNBC or the NY Times hacking into a murdered 13 year old girl's cell phone, or possibly 9/11 victims.

     

    You are so shameless as to defend these despicable actions. That's as low, heinous and disgusting as anything. Wake up and make people take responsibility for their actions, and that includes Rupert Murdoch, Fox News or anybody who has no ethics whatsoever, and breaks the law. A murdered 13 year old girl for chrissakes !!! What SLIME.

     

    Why do you defend SLIME?????
    13 Jul 2011, 10:21 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    fxdudeinmia,

     

    You said it, and can't say it any better.

     

    However, these guys don't care that Rupert and his gang are doing despicable things to push their political agenda. They think they are "Fair and Balanced". If Faux News does something wrong it reason to attack anyone to get the attention off of there right wing fog horn. That's the way they work they throw out as much crap as they can to confuse and take the focus off of the despicable acts they perpetrated.

     

    They won't care until their phones get tapped by Rupert.
    13 Jul 2011, 10:38 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    If they don't have a license they ought to give them one....so they can take it away.
    13 Jul 2011, 10:45 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Perhaps because it was not done by a paper that NWS owns? You are starting to sound like Nancy Grace - kill them all and go to trial later.
    13 Jul 2011, 10:59 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Please name exactly who "these guys" are.
    13 Jul 2011, 11:12 PM Reply Like
  • Dawgeatdog
    , contributor
    Comments (83) | Send Message
     
    "If "Faux News" should have its license revoked, so should the Liberal's lap dog media."

     

    Well, that would leave no one in network or cable news at all.
    13 Jul 2011, 11:59 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    I get so sick of that stupid "Faux News" phrase. If people don't like, don't watch the freeking channel. I comd here for investment talk, not bumper sticker slogans.
    14 Jul 2011, 12:45 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    I went 3 weeks without TV in June. It was kind of nice. Maybe we shut down the networks for 6 months and make everyone go and get a job. We can kill 2 birds with one stone.
    14 Jul 2011, 01:07 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Finally FBI is investigating Newscorp. I knew these guys were crooks.
    14 Jul 2011, 02:43 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    Geez, that must have been like a high colonic for the brain:-)

     

    I'm thinking a year or two would be better.

     

    After we've all been deprogrammed we might be able to agree on something.
    14 Jul 2011, 04:17 PM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    While I do tolerate a TV in my house because of my house-mate, I have never owned a TV or had cable TV in my house (internet access, yes).

     

    It quickly becomes clear to me when an SA commenter is a TV watcher given their comments, but I don't think this notion even makes sense to the people to whom it is related.
    14 Jul 2011, 05:39 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Mongie

     

    None of the news channels take an objective point of view because they don't believe they can get a set of loyal viewers and thereby they cannot sell commercial time. They pander to the people that watch because they pay their salaries indirectly. So it is all very noisy and one sided which only makes the opposing view dig in deeper so they can differentiate.
    14 Jul 2011, 07:30 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Glad to hear that for you (and other "LIberals"?), that an investigation = instant guilt.

     

    You would make a good co-host on the Nancy Grace show.
    15 Jul 2011, 01:11 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    "I haven't heard any reports of MSNBC or the NY Times hacking into a murdered 13 year old girl's cell phone, or possibly 9/11 victims..."

     

    Where are the reports that Fox News did that?
    15 Jul 2011, 01:13 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Nothing that Fox does could possibly be as despicable as Media Matters - which happens to be tax exempt, yet their stated purpose is to "destroy Fox".

     

    This is a typical Media Matters headline "Fox Debuts The Five With Litany Of Sexist Stereotypes".
    15 Jul 2011, 01:22 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Windsun33:

     

    NWS is sly and cunning like FOX. Pun intended.
    15 Jul 2011, 02:57 PM Reply Like
  • discipline
    , contributor
    Comments (15) | Send Message
     
    These forums are starting to lose value..well not all topics but some are just here for ppl to spout out political non-sense not based on facts just based on hate.America would be a lot better if people didn't need to fit in..or categorize themselves with a group..and this forum would be better if they monitored some of this garbage.
    13 Jul 2011, 08:50 PM Reply Like
  • 2PP
    , contributor
    Comments (349) | Send Message
     
    It's not that the forum doesn't have something to offer, it's just some members don't know how to participate without making every comment a personal attack.
    13 Jul 2011, 08:56 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    The forums are good - but lately there has been an influx of people motivated by politics a lot more than investment. While politics is a part of economics, tossing around terms like fascist certainly do not do much to make a point.
    14 Jul 2011, 12:47 AM Reply Like
  • Hendershott
    , contributor
    Comments (1497) | Send Message
     
    WOW....love it....shut down Fox, sell the WSJ to Bloonberg, arrest Roger Ailes, throw Rupert in jail, toss Norquist and the Koch brothers in along with him just because they deserve it.
    13 Jul 2011, 08:55 PM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    Exactly. Let's get psychotic.
    13 Jul 2011, 09:14 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    Now you get it. Just one question. Who the hell is Grover Norquist and why should he have the power to hold sway over half of Congress and ruin the country in the process. I didn't vote for his ass and no one else has either.
    13 Jul 2011, 10:41 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3337) | Send Message
     
    Now you get it. Just one question. Who the hell is George Soros and why should he have the power to hold sway over half of Congress, own the empty-suite fool in the White House, and ruin the country in the process? I didn't vote for his ass and no one else has either.
    14 Jul 2011, 01:07 AM Reply Like
  • David R.(Canada)
    , contributor
    Comments (80) | Send Message
     
    This is just another attempt to shut down Fox News.
    13 Jul 2011, 09:56 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    When was the last attempt?????????????
    13 Jul 2011, 10:42 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Read the front page of the Media Matters blog.
    13 Jul 2011, 11:13 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    Well, I have my "stop watching FOX News" T shirt, but, I don't call that an attempt. That's just healthy competition.
    14 Jul 2011, 04:25 PM Reply Like
  • SA Editor Eli Hoffmann
    , contributor
    Comments (695) | Send Message
     
    Folks,

     

    We're a website for investors, not for polarized political invective. Yes, the NWS story - which is pertinent to investors - has political undertones. But please take the mudslinging and personal attacks elsewhere.
    14 Jul 2011, 04:37 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Thank you very much for that Mr. Editor. I think a lot of us here are a bit tired of the venomous politics that have crept in.
    14 Jul 2011, 09:32 AM Reply Like
  • DinNYC
    , contributor
    Comments (73) | Send Message
     
    Free and open discourse includes hearing things you dont want to or things that are completely nonsensical or off-topic. Move to a subscription/Full-regi... status if you want to avoid becoming a glorified Yahoo Stock Message Board.

     

    You may not have noticed, but finance in America and abroad has become GROSSLY political. Elliot Spitzer did more than his share to attack and ruin many companies who were not deserving of his ire. he did so to further a political career he later destroyed because he couldn't keep it in his pants. To suggest we shouldn't make these types of comments, or others about potential political attacks on NWSA despite their wrongdoing, is a little naive. There IS a political assault on business ongoing in this country. Individuals like spitzer have waged ALL-OUT-WAR against NY Business in furtherance of their political ideologies and goals. Some posters may be suggesting the same is being attempted now in the face of what is arguably an issue isolated to the UK-component of NWSA

     

    The nation is politicized, finance is politicized and so naturally, our discourse will be as well.

     

    respectfully,
    DinNYC
    14 Jul 2011, 09:43 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Pointing out the failings of Spitzer or NWS is not quite the same as calling someone a Fascist because they watched "Faux News" - which was one of the several similar deleted comments.

     

    If they main point of someones argument is name calling and bumper sticker slogans, then I don't think it falls under the heading of "discourse".
    14 Jul 2011, 10:09 AM Reply Like
  • Hendershott
    , contributor
    Comments (1497) | Send Message
     
    Well, Eli....SA is a wonderful venue for this kind of discussion.....mostly intelligent, thoughtful members.....mostly...and the invective is very mild compared to other venues.....still, it's surprising how many of our members just spit out emotional messages without a lot of thought....oh well....it's an emotional world now....seriously....SA is a pretty high class social network for investors....you might think about going public in the current environment....I'd love to help....
    14 Jul 2011, 12:17 PM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    The Supreme Court would disagree with you. Yes, even this Conservative one.
    14 Jul 2011, 04:08 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    The Supreme Court decisions were concerned with government actions, this site is not subject to the 1st Amendment.
    15 Jul 2011, 01:24 AM Reply Like
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