Investors in News Corp, the media giant which owns The News of the World, are fleeing the company as it comes under pressure from politicians and advertisers over the phone hacking scandal.
The group - headed by Rupert Murdoch - saw 3.6% of its value wiped out last night as shares fell in the US. The firm is caught in the centre of a storm over reports The News of the World allegedly hacked into the phone of murder victims including Milly Dowler. Fresh reports this morning alleged the paper may also have hacked into the phones of dead British servicemen, according to the FT. Investors punished the group last night amid a growing boycott by advertisers, with shares falling to $17.47. Groups including car giant Ford have suspended advertising, while others are also c...
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