News Corp.'s credit rating was put on a negative watch by Standard & Poor's Monday because of "increased business and reputation risks" over the company's phone hacking scandal, Agence France Presse reports. S&P cites investigations into Rupert Murdoch's media empire in both the U.K. and the U.S.
News Corp.'s stock price continued to fall Monday, hitting $14.96, a drop of 4.4 percent, the Associated Press reports. Shares have lost 15.5 percent this month.
Want to add to this story? Let us know in comments
or send an email to the author at
ereeve at theatlantic dot com.
You can share ideas for stories on the Open Wire.
Elspeth Reeve
User Comments
Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register