Media mogul Rupert Murdoch is Chairman and CEO of News Corporation.

Rupert Murdoch attempts to speak to the media after he held a meeting with the parents and sister of murdered school girl Milly Dowler in London, Friday, July 15, 2011. Murdoch's loyal lieutenant Rebekah Brooks resigned Friday as chief executive of his embattled British newspapers, becoming the highest-ranking casualty yet in the phone-hacking scandal roiling Britain.(AP Photo/Kirsty Wigglesworth)

Rupert Murdoch poses on the red carpet during the opening ceremony of the Shanghai International Film Festival (SIFF) in Shanghai on June 11, 2011. The 14th Shanghai International Film Festival runs from 11 to 19 June and is chaired by Levinson. AFP PHOTO/Philippe Lopez

Rupert Murdoch, who controls global media conglomerate News Corp., speaks at a news conference, Friday, Oct. 20, 2006, in New York following a shareholders meeting. At the meeting, shareholders approved the extension of a

Rupert Murdoch, who controls global media conglomerate News Corp., holds a news conference Friday, Oct. 20, 2006 in New York following a shareholders meeting. At the meeting, shareholders approved the extension of a

Rupert Murdoch, who controls global media conglomerate News Corp., holds a news conference Friday, Oct. 20, 2006 in New York following a shareholders meeting. At the meeting, shareholders approved the extension of a

Rupert Murdoch, who controls global media conglomerate News Corp., holds a news conference, Friday, Oct. 20, 2006, in New York following a shareholders meeting. At the meeting, shareholders approved the extension of a

Rupert Murdoch gestures after a News Corporation shareholder information meeting in Adelaide, Australia, Wednesday, Nov. 16, 2005. Murdoch returned to Adelaide, where his News Corp. media empire was launched, to address local shareholders for the first time since he shifted the company's base to the United States a year ago. (AP Photo/Bryan Charlton)

Rupert Murdoch gestures during a news conference following his address to a News Corporation shareholder information meeting in Adelaide, Australia, Wednesday, Nov. 16, 2005. Murdoch returned to Adelaide, where his News Corp. media empire was launched to address local shareholders for the first time since he shifted the company's base to the United States a year ago. (AP Photo/Bryan Charlton)

News Corp. Chairman Rupert Murdoch listens to a gathering of reporters immediately following the company's annual shareholder meeting in New York, Friday Oct. 21, 2005. (AP Photo/Bebeto Matthews)