‘News Corp. Downgraded on Threat From ‘Powerful Enemies’

Jeff Bercovici reports on News Corp.:


Rupert Murdoch, you’re not paranoid — they really are out to get you. Analysts from Needham & Co. have downgraded their recommendation for News Corp. from a buy to a hold on the grounds that “powerful enemies” of Murdoch are intent on using the phone-hacking scandal to bring him low.

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