independentaustralia.net/business/busine...ers-on-the-edge,5850

more from the former Murdoch executive who went on Rupert's honeymoon.

" ANOTHER SECRETLY RECORDED STAFF MEETING at News UK has revealed that Rupert Murdoch’s British operations are close to bankruptcy and their future is dependent on the outcome of the current London trials.

A former head of the British publishing arm, New Zealand-born Tom Mockridge, told the staff late last year that the costs associated with the trials will be at least double the half-million pounds cost that the corporation told its shareholders at its recent general meeting in the United States."