In an e-mail statement today Saudi Prince Alwaleed - one of News Corp.’s (NWS) largest...

|About: News Corporation (NWS)|By:, SA News Editor

In an e-mail statement today Saudi Prince Alwaleed - one of News Corp.’s (NWS) largest shareholders - says he remains “both supportive and confident in the leadership of Rupert and James Murdoch.” He adds the hearings are "part of a necessary process to address the unacceptable practices that developed at the now closed News of the World.”