Rupert Murdoch and his son James first refused, then agreed to appear before U.K. lawmakers investigating phone hacking and police bribery, while in the U.S., the FBI opened a review into allegations the Murdoch media empire sought to hack into the phones of Sept. 11 victims.
Those two developments Thursday - and the arrest of another former editor of a Murdoch tabloid - deepened the crisis for News Corp., which has seen its stock price sink as investors ask whether the scandal could drag down the whole company.
Murdoch defended News Corp.'s handling of the scandal, saying it will recover from any damage caused by the phone-hacking and police bribery allegations. The 80-year-old told The Wall Street Journal - which is owned by News Corp. - that he is "just getting annoyed" at all the recent negative press.
He also dismissed reports he would sell his U.K. newspapers to stem the scandal, calling the suggestion "pure and total rubbish."
On Friday, U.S. Attorney General Eric Holder confirmed the early stages of an inquiry into allegations that employees of News Corp. tried to hack into the telephones of victims of the Sept. 11, 2001, terrorist attacks in the United States.