Another resignation over phone hacking

There’s another resignation from the Murdoch empire tonight. Dow Jones CEO Les Hinton has left the building. But Hinton’s departure is related to his time in Britain as executive chairman of News International. Hinton was one of those at the company to testify to select committees that phone hacking was not widespread at the News of the World.

There are two things to watch for after this announcement. First, how does it play in the States? If this scandal gets going over there, a much bigger profit centre for News Corp than here, then Murdoch might take drastic action. Second, if more senior people end up having to resign over this then they are going to have to have the surname Murdoch.