Hugh Grant gets huge payday in phone-tapping suit
Rupert Murdoch's publishing company settles with 144 victims but may owe others a lot more after upcoming trials end.
Hugh Grant finally has a reason not to be flustered.
The British actor received a sizable settlement from the publishing branch of Rupert Murdoch's News Corp. (NWS) Friday to end a lawsuit related to phone hacking by some of Murdoch's employees.
Lawyers for Grant, best known for his roles in such romantic comedies as "Love Actually" and "Bridget Jones's Diary," told CNN the actor received “substantial damages” from Murdoch and company as part of 144 such lawsuits settled Friday.
Grant had been a vocal critic of the wiretapping practices that led to the closure of British tabloid News Of The World and criminal charges against editor Andy Coulson, who went on to be a spokesman for U.K. Prime Minister David Cameron. Grant's payout doesn't end the saga for Murdoch and his News International publishing company, as seven other cases are going to trial in June and another 20 are still being discussed.
It just continues a tough stretch for Murdoch that included a public inquiry into press regulations in the United Kingdom, the relationship between journalists and figures of authority and the role Murdoch's tabloids have played in the media's downfall in that country. Murdoch's company also had to pay out sizable sums to actor Christopher Eccleston, best known for his stint as The Doctor in British television series “Doctor Who,” as well as Duchess of York Sarah Ferguson, magician Uri Geller and countless other celebrities, politicians and crime victims who had their phones tapped.
Former News International head Rebekah Brooks also faced criminal charges, as did reporters for News Of The World and The Sun, but Murdoch himself wasn't left unscathed. The controversy scuttled his plans to take over British pay-TV provider and news outlet BskyB and, combined with the failure of Apple iPad-exclusive news publication The Daily, led News Corp. to separate its publishing and broadcasting branches into separate companies.
More on moneyNOW
News casters is their reliance on local officials,police officers,indebted gamblers,irate employees,waiters,and valets.
People are outraged by phone tapping. Under normal conditions the gossip gathered by newsmen is tainted because the informers seldom appear.What is worse,the newsmen say they are:
"protecting their sources"
How does the reader even know these sources exist?They cannot be brought before judge or an opposing attorney.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
RECENT POSTS
Both lawmakers voted against aid for Superstorm Sandy victims before accepting funds to help their own tornado-ravaged state.
- At software giant SAP, autism is an asset
- Mike Bloomberg's next career: Taxi magnate?
- Shotgun wedding for Saks and Neiman Marcus?
- Charles Ramsey gets burgers for life, but no Big Macs
- McDonald's CEO: Relax, Ronald's not bad
- New Jersey bar sting turns up 'swill'
- Mike's Hard Lemonade goes after male drinkers
- Big job gains expected next year, economists say
- Yum aims to fatten up by doubling Taco Bell sales
MARKET UPDATE
[BRIEFING.COM] The major averages ended modestly lower with the S&P 500 shedding 0.3%.
The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese Government Bond futures as the 10-yr yield spiked almost 16 basis points to 1.002 before the Bank of Japan's JPY2 trillion liquidity injection caused yields to retrace their gains.
Adding insult to injury was news out of China where the HSBC ... More
More Market News
TOP STOCKS
In the never-ending contest for sales, American carmakers are pulling ahead.
MSN MONEY'S
- Shared
- Commented
- Viewed



