Thursday, 28 July 2011
How the Murdochs can save themselves: Sell the Sun and put the Times' newspapers in a trust
Rupert Murdoch's biographer Michael Wolff has come with a strategy which he claims would restore the Murdochs' damaged reputation over the phone hacking scandal - and help preserve British journalism.
Speaking at the London School of Economics, Wolff said the Murdochs would be able to "hold their heads high" if they sold the Sun and used the cash to put The Times and Sunday Times in a trust, similar to the Guardian's Scott Trust.
He said such an arrangement would "save British journalism for another generation or two. People would say 'O.K. let bygones be bygones'."
Wolff claimed that within News Corp everything flowed down from Rupert Murdoch and there was a "lack of independent life, especially for the newspapers."
Pic: Jon Slattery