this situation is one thing um but if if anything there's more intrigue around the news corporation piracy stories that the financial review broke this week um it's alleged that a news corp subsidiary called nds hacked encryption codes of commercial pay tv rivals and made them available to viewers who wanted to watch but not pay and here's a snippet from the original story that ran on the bbc's panorama program this is how a secret operation inside a murdoch company hacked down the competition these practices have to be put to an end this is the master key
that opens up the whole card it's piracy then the financial review um fell the forest of trees this week to publish uh a whole lot of stories i think there were five or six pages of stuff and that was on wednesday then again on thursday starting off with this headline and here's uh rupert murdoch's response on twitter i'm a follower of uh of rupert on twitter and it's been very interesting to to watch his response he says proof you can't trust anything in australian fairfax papers unless you're just another crazy and let's have it on
he says choice freedom of thought and markets individual personal responsibility um so uh i guess what exactly well i don't know but it must be very exciting at the review this week it's been an awesome week it's very exciting one of the things that we've made very clear from the get-goes we're not alleging at the fin review neil chenoweth we're not alleging any criminal activity piracy wasn't illegal when this stuff went on so that you know how long ago was it um 2002 a while ago yeah that sort of that sort of time period i've
traded through that forest and i read most that stuff and actually had a look at quite a few of the emails as well it's a really interesting situation where you've got a bunch of raw material and the afr has a particular perspective on what happened and what those emails mean and news limited in nds are saying no you've got it all wrong you're misconstruing what the input of those emails do you think it's possible to misconstrue them or do you think it's possible to draw different conclusions from the emails unlike neil turner i've spent four
years looking at these things when i looked at them i thought this is inconclusive i can't actually put them all the emails that you need to put together in a sequence in order to say well i understand precisely what happened as little as i said it wasn't illegal anyway but i think the interesting thing about this particular scandal is not so much whether they did what they said to have done which was to hack into rival pay tv companies smart cards but it comes on top of the existing scandals the news of the world and
scandal which the plug was a uk issue only and then spread into a corruption of public officials inquiry which has across atlantic dimensions because it's an offence in the states to make payments to officials foreign officials so as these scandals ripples start spreading they've across the atlantic they're heading towards the operational lines of news nds reported through to the office of chairman in news corp so chase carey was the the head man there and both james and lotte murdock have sat on that board so you can you can see as these new issues arise they're
starting to develop the most senior levels of news core and could be quite threatening if not to in terms of legal terms but certainly in reputational terms and the stability of that company and and the and the the mood of the markets towards it marcus i was just going to say that the the share price is not going down no share price doesn't mind at all and in fact if you use corp is a play on uh u.s economic recovery which if you look at the last four quarters of u.s economic recovery it's up and
the news caught share price the same you overlay the two over a period of time you'll find there's a quite a correlation so this is uh uh may not sound like it to you guys we've spent ages writing about it but it's just noise for the share price but don't you think it goes to the issue of governance at that company of course he does but what's share price gonna do if you got rid of rupert and uh put somebody else in and the government's question mark's not new in news it's been there forever but
what would the show what would the new share price do if uh if if and when rupert goes i mean does it go depends what his shareholding does which was presumably he's got to sit dead still in the water and continue to have an influence i think it goes up because i think so there's a discount now well the minute rep's not on the scene and that's got nothing to do with the governance issues the media is not on the scene everyone will say ah going to get rid of the newspapers and that's a real
positive for them just call share price they can make more rational decisions right he loves his newspapers i can get rid of them finally
