IT WOULD seem to be a stunning comeback for Rupert Murdoch and his clan.
Five years ago News Corporation was engulfed by scandal. One of its British papers, the News of the World, had routinely hacked private phones.
In the aftermath the company gave up a bid it had made for BSkyB (now simply called Sky), a satellite broadcaster in which it had a stake.
A parliamentary report declared Mr Murdoch unfit to lead a large company. James Murdoch, his son, resigned as chair of BSkyB and chief of the newspaper division.
Ofcom, Britain’s media regulator, eviscerated his leadership as “difficult to comprehend and ill-judged”.