Australia's shark empire is collapsing, at least on the stock market. Another very heavy drop today for the shares of News Corporation, the giant communications holding company headed by Rupert Murdoch. On the Sydney stock exchange, the losses recorded exceed four percentage points (-4,13%, at 14,16 dollars). But already last week the shares of the parent company had dropped by a dramatic 12%.
Meanwhile, the wiretapping scandal linked to the historic News of the world continues, which yesterday for the first time in the last 168 years was not released on British newsstands. Over the weekend, the former editor of the weekly, Rebekah Brooks, ended up in handcuffs, later released on bail. Not only. Another excellent head has fallen: that of the head of Scotland Yard, forced to resign for having accepted an "award trip" from the large Murdoch family. The circle is tightening more and more around the premier, David Cameron.
