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Fox Sets Aside $150 Million for News Corp Phone Hacking Legal Payments

Rupert Murdoch's entertainment company 21st Century Fox on Monday said it has set aside a total of $150 million for indemnifying the mogul's publishing firm News Corp for legal and related payments tied to the phone-hacking scandal.

But in a regulatory filing, it added that "U.S. regulators and governmental authorities are conducting investigations relating to the U.K. newspaper matters" and that it is "not possible at this time to estimate the liability, if any, of the company relating to these investigations."

Source: Hollywood Reporter. Read full article. (link)

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