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Detailed text transcripts for TV channel - MSNBC - 20110714:04:43:00

The criminal for a second, our federal communications, our fcc has also incredible powers in this area. from time to time, murdoch has to come before the fcc for the licensing that he has. he has 27 television stations besides forgetting about cable for a moment, 27 other tv stations that have to get fcc approval from time to time, and one of the standards for that is you have to be of good character. now, a scandal like this, not just the scandal, but proofs of bribery and hacking in england would have enough to question whether that is good character and whether he would keep those licenses. that would completely destroy his financial empire if we went that far. that would explain the focus on whether or not this was a news of the world problem or whether or not this is a systemic means of doing business in the company, right? his character is explained by part whether or not this is the way he understood his companies ....

Rupert Murdoch , Television Stations , Tv Stations , British Sky Broadcasting , News Of The World , Doing Business ,

Detailed text transcripts for TV channel - MSNBC - 20110714:08:38:00

Pounds in cash for information, sometimes handing over envelopes of cash at a fast food chain drive-thru. so far implications have been swift. the 168-year-old news of the world tabloid has been shut down. today mr. murdoch s company endsed its year-long $12 billion effort to take over british sky broadcasting company. that sent the stock tumbling. had mr. murdoch acquired the company, he would have owned 40% of all commercial television in britain. the business consequences of this scandal are still unfolding, but the legal consequences started unfolding years ago. in 2007, a news of the world editor and private investigator hired by the paper were jailed for the phone hacking. the editor, andy coulson denied knowing about the hacking but resigned anyway. david cameron then hired that editor, andy coulson, to be a ....

News Of The World , Fast Food Chain Drive Thru , British Sky Broadcasting , Rupert Murdoch , Stock Tumbling , 2 Billion , 12 Billion , Andy Coulson , Phone Hacking , David Cameron ,

Detailed text transcripts for TV channel - MSNBC - 20110714:08:43:00

People could go to jail depending on how high you can show there was authorization to violate the act, but the corporation could be put into a monitorship for a period of time as we ve seen with wall street companies over the years. they could actually make the company have the company lose its charter if they wanted to, but i d like to move away from the criminal for a second, our federal communications, our fcc has also incredible powers in this area. from time to time, murdoch has to come before the fcc for the licensing that he has. he has 27 television stations besides forgetting about cable for a moment, 27 other tv stations that have to get fcc approval from time to time, and one of the standards for that is you have to be of good character. now, a scandal like this, not just the scandal, but proofs of bribery and hacking in england would have enough to question whether that is good character and whether he would keep those ....

Foreign Corrupt Practices Act , British Sky Broadcasting , Rupert Murdoch , Wall Street Companies , Television Stations , Tv Stations ,

Detailed text transcripts for TV channel - MSNBC - 20110714:01:38:00

The murdoch paper paying police officers tens of thousands of pounds in cash for information, sometimes handing over envelopes of cash at a fast food chain drive-thru. so far implications have been swift. the 168-year-old news of the world tabloid has been shut down. today mr. murdoch s company endsed its year-long $12 billion effort to take over british sky broadcasting company. that sent the stock tumbling. had mr. murdoch acquired the company, he would have owned 40% of all commercial television in britain. the business consequences of this scandal are still unfolding, but the legal consequences started unfolding years ago. in 2007, a news of the world editor and private investigator hired by the paper were jailed for the phone hacking. the editor, andy coulson denied knowing about the hacking but ....

Rupert Murdoch , Police Officers Tens Of Thousands , Fast Food Chain Drive Thru , British Sky Broadcasting , News Of The World , Stock Tumbling , 12 Billion , 2 Billion , Andy Coulson , Phone Hacking ,

Detailed text transcripts for TV channel - MSNBC - 20110714:01:45:00

Eric holder, is talking this out with his people right now of what they should do, what they shouldn t do. since four prominent senators have asked for inquiries, they are going to start something in the u.s. senate. this is a publicly traded company, the fcc has also been called upon to make inquiries, and the real big question is if these bribes did occur, where did the money come from, was it paid in britain, through subsidiary here, follow the money thing. who green lit that money. it s often hard for big corporations to hide cash and not see cash in obvious places. these are not cash businesses he s in. jay fahy, now a defense attorney, very helpful to have your insight, thanks a lot. i really appreciate it. on the ed show tonight, ed goes the full minnesota on michele bachmann saying that social security checks won t be jeopardized if we hit the debt ceiling. next on this show, i go full ....

Us Senate , Eric Holder , British Sky Broadcasting , Jay Fahy , Money Thing , Debt Ceiling , Last Night , State Of Minnesota , Social Security , The Ed Show Tonight , Michele Bachmann ,