News Corp settles phone-hack claim

News Corp has reached a 139 million dollar (£91 million) settlement in shareholder lawsuits over the British phone hacking scandal and the controversial purchase of an entertainment company run by founder Rupert Murdoch's daughter.

The company also said that it has agreed to corporate governance reforms including a whistleblower hotline and an annual review of the independence of current and prospective board members. The reforms will remain in place through until at least 2016.
%VIRTUAL-SkimlinksPromo%