From Cell Whitman:
Saudi Prince Al-Waleed bin Talal Alsaud, the second largest News Corporation shareholder behind Rupert Murdoch, has spoken out amid the continuing crisis for the firm. (Murdoch owns 12% and the Saudi Prince owns 7% of News Corp/Fox News)
The second biggest News Corp. shareholder after the Murdoch family called for News International Chief Executive Rebekah Brooks to step down due to a phone-hacking scandal that continues to disgrace the company.
“For sure she has to go, you bet she has to go,” Saudi billionaire Prince Alwaleed bin Talal said in an appearance on BBC’s Newnight Thursday.
But Murdoch stressed that journalism needs to stay perseverant, independent and “hard-driving” in order to expand and cater to the new world of modern mass communication. He emphasized the idea that no matter how prominent digital media becomes, there will always be the need for credible sources and “a professional seeking to uncover facts no matter how uncomfortable.”