The value of the Murdoch family’s shareholding in News Corp has fallen by $1bn since the political firestorm erupted over the phone-hacking scandal at the News of the World.
A 5 per cent slide in News Corp’s shares on Monday to $14.86 by lunchtime trading in New York left them down 18 per cent, or $8.6bn, since a July 4 report first revealed that the
UK tabloid Sunday newspaper had accessed and deleted voicemail messages left for Milly Dowler, a teenager found murdered in 2002.
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