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Biodun@bbcnews.com

Monday, 18 July 2011

DailyMe by Biodun Iginla, BBC News
Topic: bbc news, biodun iginla, the eco
Top World News, Global News, International Events - DailyMe.com.a2a_menu { PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; WIDTH: auto; PADDING-RIGHT: 0px; FLOAT: none; HEIGHT: auto; PADDING-TOP: 0px } .a2a_menu * { PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; WIDTH: auto; PADDING-RIGHT: 0px; FLOAT: none; HEIGHT: auto; PADDING-TOP: 0px } .a2a_menu TABLE { BORDER-SPACING: 0; WIDTH: auto; BORDER-COLLAPSE: collapse } .a2a_menu TABLE { BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; PADDING-BOTTOM: 0px; BACKGROUND-COLOR: #fff; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px; PADDING-TOP: 0px } .a2a_menu TBODY { BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; PADDING-BOTTOM: 0px; BACKGROUND-COLOR: #fff; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px; PADDING-TOP: 0px } .a2a_menu TD { BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; PADDING-BOTTOM: 0px; BACKGROUND-COLOR: #fff; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; 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Posted by biginla at 2:54 PM BST

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PM under pressure as police chief quits
Topic: phone-hack scandal, bbc news

Financial Times - US homepage

by Biodun Iginla, BBC News and The Financial Times

Resignation of Sir Paul Stephenson, the UK’s top police officer, puts renewed pressure on Cameron over phone-hacking scandal
http://link.ft.com/r/UXDMSS/PFFMXK/9VJN0/LQD2JA/62V44M/82/h?a1=2011&a2=7&a3=18

Posted by biginla at 2:48 PM BST

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Friday, 15 July 2011

July 15, 2011 | News covering the UN and the world
Topic: un wire, un, bbc news, biodun ig

Measles surge is affecting developed, developing countries

A lack of financial support and political will are contributing to the upsurge of measles in 33 countries. In an video interview, Andrea Gay at Measles Initiative, a partnership that includes the UN Foundation, the American Red Cross, UNICEF, WHO and the U.S. Centers for Disease Control and Prevention, explains the different reasons for measles outbreaks in the developing and developed countries. Voice of America (7/14)

UN welcomes South Sudan
Measles strikes some 18,000 East African children
IAEA takes Syria concerns to Security Council
Syria opposition to meet amid crackdown
Gates Foundation funds a dozen unusual disease treatment ideas
Career Center

Posted by biginla at 7:22 PM BST

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Morning Media Newsfeed Friday, July 15, 2011
Topic: media, mediabistro, bbc news

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Rebekah Brooks Resigns As CEO Of News International Amid Hacking Scandal (paidContent)
The hacking scandal that has been engulfing News Corp.'s U.K. newspaper publisher, News International -- and is increasingly threatening to spread to the wider company -- has claimed its latest scalp: Rebekah Brooks has resigned as CEO of News International. WSJ: Brooks resigned Friday morning, marking the first major executive casualty in a growing tabloid newspaper scandal that has already skewered a major deal and shuttered the 168-year old newspaper at the heart of the controversy. Business Insider / The Wire: While News Corp. CEO Rupert Murdoch has stuck by

Insider / The Wire: While News Corp. CEO Rupert Murdoch has stuck by Brooks, the fact that she edited the paper during an egregious period of hacking voicemails made her position untenable. Mail Online: Pressure was mounting on her to quit after the second-largest shareholder at News Corp. said she "must go" and Elisabeth Murdoch, Rupert Murdoch's daughter, allegedly said that Brooks had "f___ed the company." NYT: Her resignation came one day after Murdoch and his son, James, reversed themselves Thursday and said they would testify before a parliamentary panel probing the cascading scandal over phone hacking that has forced the closure of the News of the World Sunday tabloid and the collapse of a $12 billion bid to assume full control of Britain's biggest satellite broadcaster. HuffPost UK: Tom Mockridge, currently CEO at Sky Italia, has been named as News International's new CEO. paidContent: Here is the full text of the email Brooks sent to staff at News International Friday morning. Daily Beast / The Dish: You might think it would have been wiser for her to go last week, when her resignation might have done some good, but that's only because you fail to appreciate the genius of the approach favored by James and Rupert Murdoch. WSJ: In his first significant public comments on the tabloid newspaper scandal that has engulfed his media empire, Murdoch vigorously defended the company's handling of the crisis but said it would establish an independent committee to "investigate every charge of improper conduct." Yahoo! News / AP: A law enforcement official says the FBI has opened an investigation into allegations that News Corp. sought to hack into the phones of Sept. 11 victims. Yahoo! News / The Cutline: The ongoing fallout from the scandal is poised to inflict further damage on Murdoch's U.S.-based operations, with speculation building among media observers on what may lie in store for some of the company's most powerful media properties in publishing (The Wall Street Journal, the New York Post) and television (Fox News Channel). B&C: News Corp.'s U.S. TV properties appear particularly unscathed -- for now. PRNewser: News Corp. has brought on Edelman to help it manage the crisis related to the ongoing phone-hacking scandal and investigation. paidContent: The PR company will report directly to Will Lewis, general manager of News International. paidContent: Prince Al-Waleed bin Talal Alsaud, the second-largest stake holder in News Corp. after Murdoch himself, said, "We hope as this thing unfolds, the truth will come out. It's very important for me and my company to get this in order. Ethics to me are very important." TVNewser: CNN correspondent Brian Todd: "A fair question could be: Is CNN maybe overcovering this?" Yahoo! News / The Cutline: If you need a break from the headlines, allow lefty British folk-punk singer-songwriter Billy Bragg to serenade you with an earnest acoustic treatment of the saga.

Documents Show Obama White House Attacked, Excluded Fox News Channel (Judicial Watch)
Judicial Watch, the public-interest group that investigates and prosecutes government corruption, announced Thursday that it has uncovered documents from the Obama Department of Treasury showing that the Obama administration, contrary to its repeated denials, attempted to exclude Fox News Channel from a round of interviews with the Treasury's "executiv

Posted by biginla at 5:30 PM BST

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Terror, again
Topic: mumbai attacks, bbc news

Bombings in Mumbai

by Susan Kumar and Biodun Iginla, BBC News and The Economist

The commercial capital is blasted

Jul 14th 2011 | Delhi and Mumbai | from the print edition

Rush-hour mayhem

ON A sodden evening in Dadar, a middle-class corner of central Mumbai, one end of a bus stop displays an advert for probiotic yogurt. The other end is blown to bits. A tarpaulin, gathering water, has been hastily laid over the pavement next to it and a crowd has gathered, including a man who offers to trade gruesome photos. A local says he heard an explosion and saw bodies dragged away.

Unknown assailants showed grim skill in setting off three near-simultaneous explosions by jewellery markets and near a train station in different parts of the city on July 13th. By striking in the evening rush hour, they killed at least 17 people and injured over 130. Yet the assault was far less prolonged or bloody than one in November 2008, when ten jihadist gunmen, infiltrators from Pakistan, assaulted a series of landmarks in the city over several days, killing some 170, including foreigners.

Some who suffered in the latest attack railed at the government’s failure to quash terrorism. But officials are learning to respond more promptly, deploying teams of police, commandos, bomb experts and anti-terrorist units as politicians trooped before television cameras to call for calm.

Fingers could be pointed at jihadis based over the border, notably Lashkar-e-Taiba (LET) which was behind the 2008 attack and others. Pakistani militants had vowed revenge on America and its allies for killing Osama bin Laden in May. They may also hope to scupper cautious efforts by India’s prime minister, Manmohan Singh, to restart peace talks with Pakistan, which had collapsed after the 2008 assault. The countries’ foreign ministers should yet meet in Delhi this month, especially after Pakistan’s civilian leaders quickly condemned the latest killings.

More likely, a home-grown outfit was to blame. Police said they had arrested two men with weapons in a Mumbai suburb on July 6th who, allegedly, belonged to the Indian Mujahideen (IM), an Islamist group behind eight attacks, including similar bomb blasts in crowded streets in various cities, in the past four years alone. Notably, too, a member of the IM said it was behind the bombing of Mumbai’s suburban railway system five years ago this week, when over 200 people were killed.

Indian intelligence should find it easier to disrupt local outfits rather than foreign-based ones. Judging by data from the South Asia Terrorism portal, a Delhi think-tank, terrorists have killed fewer Indians in each of the past five years, with 2011 so far markedly calmer. Nonetheless, attacks by Maoist, Hindu nationalist, Muslim and regional insurgents are persistent. The IM, for example, which grew from an Islamic students’ movement formed in the 1970s, draws support from young Muslims radicalised over the ongoing ill-treatment of co-religionists in Kashmir and over anti-Muslim pogroms by mobs in Gujarat nine years ago. Despite progress, Mumbaikars especially will brace for more attacks.

from the print edition | Asia

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Posted by biginla at 5:28 PM BST

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Breaking News: Nine banks fail Europe stress tests
Topic: eurozone crisis, bbc news

by Biodun Iginla, BBc News and The Economist and The Financial Times

Only nine banks failed the long-running stress test carried out on 91 European banks, far fewer than analysts had predicted, in a result that potentially undermines claims that the exercise was tough enough to restore investors’ jaded faith in the eurozone financial system.

Spain, as expected, was the worst performing country with five of its banks while Greece had two failures.

The other failures were Austria’s Volksbanken and Germany’s Helaba, which withheld its result after a row with the European Banking Authority, which carried out the test, over the quality of its capital.

Britain’s banks all passed the exercise, but the impact of the stress test scenario on current capital levels was among the most severe, with a 25 per cent reduction in ratios, beaten only by Greek banks, for which the impact was 40 per cent.

http://link.ft.com/r/DHGUVV/III8PZ/KDB6X/OJE27D/U1UHHX/N9/h?a1=2011&a2=7&a3=15

Posted by biginla at 5:23 PM BST

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Top Headlines in Internet, Online Media
Topic: Online Media, bbc news, the econ

Internet

Twitter Drives 4x as Much Traffic as You Think. Here’s Why … - techcrunch.com

Editor’s Note: This is a guest post by (@msuster) Mark Suster, a 2x entrepreneur, now VC at GRP Partners. Read more about Suster at Bothsidesofthetable Most web publishers measure where there traffic is coming from using an...

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How the Web & Daily Deals Have Changed Coupons [INFOGRAPHIC] - mashable.com

There's no denying it: The advent of the daily deal has changed the way bargain hunters shop.In the tech and social media world, daily deals have become a bandwagon of sorts -- something every...

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AdWords Reporting Gets New Segmentation Option: Top Vs. Side Ads - searchengineland.com

Google is rolling out AdWords functionality to let advertisers segment reports based on where the ad appears on the page -- whether it's above the...

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Posted by biginla at 5:19 PM BST

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Rebekah Brooks and News's books
Topic: Rebekah Brooks, bbc news, the ec

News Corp's profits

Jul 15th 2011, 13:58

by Biodun Iginla, BBC News and The Economist

A look at where News Corp makes money might explain why phone hacking at the News of the World was not given the attention it deserved

REBEKAH BROOKS resigned as chief executive of News Corporation on July 15th, taking the advice offered to her in this week's print edition. As the chart below shows, the challenge for News Corp now is to prevent the stink from phone hacking at the News of the World spreading to the parts of the business that make most of the company's money. For while Rupert Murdoch is a newspaper man first and a television and film mogul second, newspapers made up just 13% of the company's profits in the year to June 2010.

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Posted by biginla at 5:17 PM BST

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How to lose friends and alienate people
Topic: News Corporation, bbc news

The News International scandal

by Biodun Iginla, BBC News and The Economist

News Corporation looks likely to weather the News of the World scandal. But it may end up becalmed—and lose some crew to boot

Jul 14th 2011 | from the print edition

TWO weeks ago News Corporation was a corporate giant led by a legend and on the verge of the biggest deal in its history. Now the deal is off and Rupert Murdoch is widely derided. Britain’s three big political parties have ganged up on the company, along with the Church of England, every other media outlet and an array of celebrities. A once-feared colossus has become a pantomime villain, hissed from the stage.

News Corporation has been brought low by allegations that the News of the World, one of its British tabloids, paid the police for information and hacked into the voice-mail accounts of many people, some famous, some in tragic circumstances. The implications for British politics, and for the conduct and freedoms of the British press, will take a long time to play out (see article). The corporate impacts already look grievous.

Newspapers are not central to what News Corporation does (see chart 1). In the year to June 2010 they accounted for just 13% of its profits—down from more than 30% nine years earlier. The firm’s British newspaper outfit, News International, adds only crumbs to that small slice. News Group Newspapers, the subsidiary that runs the News of the World and the Sun, has gone from being substantially profitable to being marginally profitable. The Times and the Sunday Times collectively lose money (see chart 2).

But newspapers are central to who Mr Murdoch is. News Corporation executives speak with bemusement or despair of the boss’s obsession with what goes in his papers, down even to the placement of stories. They are also the source of his extensive political influence in Britain. Most British newspapers are predictably partisan. News International’s papers combine a lot of readers with a willingness to swing both ways.

If the damage from the scandal was limited to British newspapers, or even to Mr Murdoch’s reputation and political influence, it would be manageable for the company even if dire for him. It spreads beyond that. Police investigations and a public inquiry loom. News Corporation’s leadership and succession, never exactly certain, now seem decidedly wobbly. And the collapse of the bid for BSkyB, a satellite broadcaster, has wrecked a scheme intended to transform the company. News Corporation is no longer free to develop in the way it had planned to, nor necessarily under the leadership it expected.

A protester wearing a giant Rupert Murdoch mask was parading in front of the media boss’s London home this week dressed as a convict. For the man himself it surely will not come to that; for others it quite possibly will. British coppers are investigating both phone-hacking and bribery charges. They told Parliament on July 12th that they have informed 170 people out of almost 4,000 whose names appear in papers seized in 2006 from Glenn Mulcaire, a private investigator formerly employed by the News of the World. Just a small fraction of Mr Mulcaire’s prodigious workload could provide the wherewithal for a lot of criminal prosecutions and civil suits. Companies can be found guilty under Britain’s Regulation of Investigatory Powers Act if it is proved that criminal behaviour like phone-hacking took place with managers’“consent or connivance”.

American politicians, aggrieved at claims that victims of terrorism were targeted, are calling for investigations. Some have asked the Department of Justice to consider a probe under the Foreign Corrupt Practices Act, a broad law that targets bribes paid anywhere in the world. But Danforth Newcomb, a lawyer, points out that the law focuses on bribes paid to “obtain or retain” business: it isn’t clear whether paying police officers for information would qualify. Another reason for the Americans to stay their hands is that the British can do a perfectly good job of prosecuting bribery by themselves. A new Bribery Act came into force on July 1st.

A judicial inquiry into phone-hacking could also do a lot of damage. High-profile public inquiries punch far above their legal weight: they often lead to resignations. This one seems likely to show that both News International and News Corporation made a poor fist of investigating the wrongdoing at the News of the World. An internal investigation of e-mails was carried out in 2007, following the convictions of Clive Goodman, the paper’s royal editor, and Mr Mulcaire. Executives later told Parliament they had found nothing to suggest phone-hacking had been widespread. The company’s e-mails did, however, apparently contain evidence that bribes had been paid to police officers.

The Guardian, another British paper, reported that News International had settled cases brought by several people who had threatened to sue for having their phones hacked. James Murdoch, who had been running BSkyB when the alleged phone-hacking took place but was subsequently put in charge of the newspaper business, approved some payments. He said on July 7th that he was not fully aware of the facts when he did so. That action could be probed by the public inquiry. So could the firm’s persistent failure to clean house.

Other newspapers soon alleged that former News of the World reporters had described widespread phone-hacking at the paper. News International reacted angrily. Rebekah Brooks, once editor of the News of the World and by then chief executive of News International, said the Guardian had “substantially and likely deliberately misled the British public”. Bill Akass, the News of the World’s managing editor, complained that a New York Times investigation “was motivated, at least in part, by the desire to harm a competitor” (the Wall Street Journal, acquired by News Corporation in 2007, had declared war on the New York Times). None of that looks good now.

Couldn’t happen to a nicer company

One of the distinguishing features of News Corporation is aggression. The firm combines the heft of a big company with the scrappiness of a start-up. Even more than at other media firms, executives sometimes seem inspired by Machiavelli—or Richard III. Competitors are to be crushed. Executives in other companies that take an opposite view on strategic questions are idiots. In 2009 the usually cerebral James Murdoch launched a scathing attack on the BBC, whose size and zeal for expansion into new areas he described as “chilling”.

This take-no-prisoners approach makes the company extremely bold. It was News Corporation that broached the possibility of releasing films early on pay-television—a move that still enrages cinema owners. Together with the Financial Times (part-owner of this newspaper) it has led the charge to demand money for newspapers on the web. In America the firm drives a particularly hard bargain over payments from cable and satellite carriers for its broadcast network. BSkyB is a similarly brutal negotiator.

Unfortunately, this attitude earns the company enemies as well as revenues. Over the years News Corporation has offended governments and regulators. Its aggression and sheer size terrify rival media firms. In October 2010 the BBC and the owners of the Daily Mail, the Daily Telegraph, the Daily Mirror and the Guardian newspapers signed a letter opposing its bid to take complete control of BSkyB, in which it now has a 39% stake. Part of the reason News Corporation has handled the phone-hacking crisis so badly is that it tends to view hostile reporting as motivated by rivalry.

As the company braces for further embarrassment and disruption, it will also have to work out a future without BSkyB. Public and political opinion have become so hostile that the government may refuse to sign off on any attempt to renew the bid, even at the risk of a judicial review. This makes the transition News Corporation wants to make to a new, eventually post-Rupert world a lot harder.

The Murdoch discount

Wall Street’s News Corp-watchers acknowledge Rupert Murdoch’s genius in building an empire from all but scratch. But they have come to view him as a liability. They can cite many missteps. In 2004 Mr Murdoch failed to prevent John Malone, a rival pay-television executive, from building a large stake in his company. Two years later Mr Murdoch had to offer up his stake in DirecTV, an American satellite company he had long pursued, to get rid of the interloper. In 2005 he paid $580m for MySpace; he sold it last month for $35m. In 2007 he bought Dow Jones, owner of the Wall Street Journal, for $5.6 billion; two years later News Corporation wrote down its value by half.

Even investors well-disposed to Mr Murdoch call him a “deal junkie” and speak of a “Murdoch discount” to the share price. Analysts who like the company tend to focus not on Mr Murdoch but on the executives he appoints. Before he left the firm in 2009, the main object of investors’ ardour was its president, Peter Chernin. They now point to Chase Carey, a satellite-television veteran. They warm to the company in direct proportion to the rising power of such men, and in inverse proportion to the amount of cash Mr Murdoch has at his disposal to pursue deals.

In a sense there are two overlapping News Corporations. The first, better-known, one is swashbuckling, acquisitive and politically connected; its figurehead is Mr Murdoch. Newspapers belong to this part of the company, which is why their losses are indulged. The second News Corporation is strategic and hard-nosed, bordering on stingy. In Hollywood, for example, the firm is legendary (and resented) for driving down actors’ prices and for pioneering a rigorous, marketing-led approach to film-making.

James Murdoch, until recently the most plausible heir, belongs to the second News Corporation. Although he likes newspapers, he likes a good business more—and pay-television is a good business, as he demonstrated during a successful spell running BSkyB. He tends to think of newspapers as akin to pay-television outfits. Get the pricing right; increase revenues by selling other products to readers; in future, perhaps, bundle newspapers like pay-TV channels. Their reach and their influence are less important.

A twist on the old model

The BSkyB deal was crucial to News Corporation not just because it would make the company far more profitable. It would have allowed the firm to create a kind of European Sky, with BSkyB, Sky Deutschland and Sky Italia sharing set-top box technology and bidding collectively for sport and movies. Most important, it would have confirmed that the second, less inky, version of News Corporation was here to stay, the culture change accomplished by a young Murdoch who would thereby have proved his ability to lead. The Murdoch discount might, in time, even have turned into a Murdoch premium.

Now News Corporation has become stuck mid-metamorphosis. The old, newspaper-oriented company has stymied the new one. The young man who was attempting to lead the company’s transformation has been tarnished. Where does the firm go from here?

Its first priority will be to shore up its share price, which has taken a battering over the past week. News Corporation has already announced it will accelerate a buy-back of shares, beginning next month. It may devote more money to that. Such a move will probably mollify shareholders who have complained about mismanagement at the company. Few buy shares in News Corporation in the belief they can profoundly steer the company.

The cash pile will quickly build up again. Channels like National Geographic are riding the rising tide of pay-TV adoption in emerging markets. American TV advertising, which has bounced back strongly from the recession, will rise higher as politicians begin to pour money into 30-second spots attacking their opponents. The Fox News Channel, which is already hugely profitable, will draw conservatives eager for more heated predictions of Barack Obama’s downfall. Before (if ever) returning to BSkyB, News Corporation could make a run at a cable television network. AMC, best known for “Mad Men”, recently became available, although the bidding for it is likely to be fierce.

One of the great media parlour games consists of trying to predict when Mr Murdoch will step down from running the company he founded. Some thought he was on the verge of leaving 20 years ago. The media industry’s last true mogul has been wounded by the News of the World scandal, and News Corporation has been thrown off course. But, oddly, it has become even harder to imagine the company carrying on without him.

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Rupert Murdoch meets the family of Milly Dowler
Topic: phone-hack scandal, bbc news

15 July 2011 Last updated at 11:46 ET

by Emily Straton and Biodun Iginla, BBC News

Rupert Murdoch, the chairman and CEO of News Corporation, is meeting the family of Milly Dowler.

The murdered schoolgirl's mobile phone was allegedly hacked by the News of the World newspaper during the search for her in 2002.

The Dowlers' solicitor, Mark Lewis, said that the resignation of Rebekah Brooks, who was editor of the newspaper at the time, was "poetic justice".

Milly's parents and sister will make a statement after the meeting.

Rupert Murdoch will use adverts in national newspapers on Saturday to issue a personal apology for the News of the World's "serious wrongdoing".

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