News Corp.’s Board Backs Murdoch

News Corp.’s (NASDAQ:NWSA) board offered a statement of support for Rupert Murdoch, saying its chairman has the resolve to lead the firm despite the slew of allegations he’s been attacked with by the UK parliamentary panel. The support comes as the firm creates a list of 52 employees involved in illegal phone hacking and gathering of private information.Currently, the media company’s shares are trading over a half a percent lower to $19.74 in the early session.

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