{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='UK Deputy PM says Murdoch should testify over hacking allegations, Market analyst' data-url='/boclips/videos/5c54c083d8eafeecae14b4fb' data-video-url='/boclips/videos/5c54c083d8eafeecae14b4fb' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUK Deputy PM says Murdoch should testify over hacking allegations, Market analyst\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of City of London, by the Bank of England2. City workers on their way to work3. Newspaper headline reading \"Murdoch retreats.\"4. SOUNDBITE (English) Nick Clegg, Deputy Prime Minister\"Well it's been looked at by OFCOM - whether...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of City of London, by the Bank of England\u003cbr/\u003e2. City workers on their way to work\u003cbr/\u003e3. Newspaper headline reading \"Murdoch retreats.\"\u003cbr/\u003e4. SOUNDBITE (English) Nick Clegg, Deputy Prime Minister\u003cbr/\u003e\"Well it's been looked at by OFCOM - whether the fit and proper test needs to be applied here. I think of course there are big question marks about how News Corporation is being run. Why is it that people higher up the food chain have not taken accountability for what is emerging as an industrial scale scandal in the way in which its newspapers were being run.\"\u003cbr/\u003e5. Various of  BGC Partners market trading floor\u003cbr/\u003e6. SOUNDBITE (English) Louise Cooper, Market Analyst at BGC Partners: \u003cbr/\u003e\"BSkyB was the transformative acquisition for News Corporation because it just made so much money. So BSkyB, 6 billion pound revenue, 1.2 billion pounds of net income. That would contribute massively to News Corporation's profit and loss account. It would bring about 30 to 40 percent to the parent.\"\u003cbr/\u003e7. Cutaway of newspaper\u003cbr/\u003e8. SOUNDBITE (English) Louise Cooper, Market Analyst at BGC Partners:\u003cbr/\u003e\"The fact that the Sky transaction has not gone through is a big blow to Murdoch, but he still wants it. What we all forget is that a lot of the stuff  out there is all allegations at the moment. We don't know yet what is true and what isn't true. Now if half the allegations are true, then  it's going to be very difficult for him to buy Sky. But if he fights back hard and a lot of these allegations are not proved to be true then he could buy Sky in two years time. Now, Rupert Murdoch has been running his business for 59 years. Another couple of years to buy the jewel that he wants to buy - BSkyB -  is no big deal to him, I can imagine.\"\u003cbr/\u003e9. Wide of trading floor\u003cbr/\u003eBritish Deputy Prime Minister Nick Clegg on Thursday urged US media tycoon Rupert Murdoch to appear before UK lawmakers to answer questions about the phone hacking scandal at one of his newspapers.\u003cbr/\u003eMurdoch had big questions to answer after the widening accusations of eavesdropping and police bribery forced Murdoch's News Corporation to abandon a bid to take full control of British Sky Broadcasting, Clegg said.\u003cbr/\u003e\"I think of course there are big question marks about how News Corporation is being run. Why is it that people higher up the food chain have not taken accountability for what is emerging as an industrial scale scandal in the way in which its newspapers were being run,\" Clegg said Thursday morning.\u003cbr/\u003eThe House of Commons committee on Culture, Media and Sport has asked Murdoch to appear next week with his son James and Rebekah Brooks, chief executive of News International, the News Corporation unit that controls its British newspapers.\u003cbr/\u003eMurdoch's hope of making BSkyB a wholly owned part of his News Corporation empire collapsed on Wednesday in the face of what Prime Minister David Cameron called a \"firestorm\" that has engulfed media, police and politicians.\u003cbr/\u003eNews Corporation has already shut down News of The World, the scandal-loving Sunday tabloid that is the focus of police investigations of phone hacking and bribery of police officers. \u003cbr/\u003eOn Thursday Scotland Yard said it had made its seventh arrest related to the inquiry into phone hacking at the now-defunct tabloid, whose closure was a doomed effort to keep the BSkyB bid alive.\u003cbr/\u003eThe 60-year-old man arrested on suspicion of phone hacking is Neil Wallis, the former executive editor of the defunct tabloid.   \u003cbr/\u003eCameron has appointed a judge for a wide-ranging inquiry into the News of the World scandal and wider issues of media regulation, the relationship between politicians and media, and the possibility that illegal practices are more\u003cbr/\u003ewidely employed in the industry.\u003cbr/\u003eShares in BSkyB steadied Thursday, rising 0.6 percent to 709.5 pence (11.43 US Dollars) in early trading in London. The shares closed higher on Wednesday for the first time since they began falling sharply last week amid fresh phone hacking allegations.\u003cbr/\u003e\"The fact that the Sky transaction has not gone through is a big blow to Murdoch, but he still wants it. What we all forget is that a lot of the stuff that's out there is all allegations. We don't know yet what is true and what isn't true. Now if half the allegations are true, it's going to be very difficult for him to buy Sky,\" said Louise Cooper, market analyst at BGC Partners.\u003cbr/\u003e\"But if he fights back hard and a lot of these allegations are not proved to be true then he could buy Sky in two years time. Now Rupert Murdoch has been running his business for 59 years. Another couple of years to buy the jewel that he wants to buy - BSkyB -  is no big deal to him, I can imagine,\" she added.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci 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