Rupert Murdoch
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Rupert Murdoch
In the six months since the revelation that the News of the World accessed a murdered teenager's voicemail messages, the scandal has cost Rupert Murdoch the British tabloid he bought in 1969 his bid for full control of British Sky Broadcasting, some of his closest executives and, perhaps, his dream of family succession.

Yet, in Wall Street's eyes, it is as though nothing happened. This week, shares in News Corp hit a 52-week high, edging past the peak at which they stood before the Milly Dowler report upended Britain's media, police and political establishment.

Over six-month and 12-month periods, the stock has beaten rivals including Walt Disney, Time Warner and Viacom, and, of 25 analysts following News Corp, 17 rate the stock a "buy" and the other eight a "hold", according to Bloomberg.

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