Major News Corp shareholder calls for Rebekah Brooks to quit - Business - Evening Standard
       

Major News Corp shareholder calls for Rebekah Brooks to quit

A major News Corp shareholder has called for News International Chief Executive Rebekah Brooks to quit because over the telephone hacking scandal.

"For sure she has to go, you bet she has to go," Saudi billionaire Prince Alwaleed bin Talal told the BBC's Newsnight programme.

The scandal has piled pressure on Brooks, who has not resigned despite a call from former friend Prime Minister David Cameron and other politicians to do so.

"Ethics to me is very important, definitely. I will not tolerate to deal with a company that has a lady or a man that has any sliver of doubt on her or his integrity," Alwaleed said.

Alwaleed says his Kingdom Holding is the second biggest shareholder in News Corp and controls seven percent of the votes.

News Corp chief Rupert Murdoch was last week closed the News of the World, Britain's top-selling Sunday tabloid, over growing allegations that its journalists had illegally accessed voicemails of thousands of people, from child murder victims to the families of Britain's war dead.

He was also forced to back down on his biggest acquisition plan yet, the buyout of British pay TV operator BSkyB.

Alwaleed said News Corp could make another bid for BSkyB in six months, when British takeover rules allows it to.

"BSkyB has been shelved right now, but it's not dead forever," Alwaleed said, adding that he was speaking in a personal capacity. "We will see what happens after six months."

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