News Corp. board will try to use meeting to steer attention away from scandal

Wall Street Journal
News Corp.’s 16-member board will meet in person Tuesday for the first time since the phone-hacking scandal broke. High on the list of the directors’ priorities for the meeting, according to the Wall Street Journal, is what to do with News Corp.’s $12 billion in cash. One measure the company has discussed and the board could pursue is raising the company’s dividend, report Jessica E. Vascellaro and Russell Adams. (Sources tell them News Corp. isn’t likely to announce any major deals or management changes soon.) Meanwhile, News Corp. watchdog and Rupert Murdoch biographer Michael Wolff writes in Adweek that “well-sourced information coming out of the Department of Justice and the FBI suggests a debate is going on that could result in the recently launched investigations of News Corp. falling under the RICO statutes.” || Wolff tweets: How come Piers Morgan hasn’t had me on CNN to talk about Murdoch and hacking?
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