Rupert Murdoch has returned to the US where his company faces a host of financial and legal challenges.
As the phone-hacking scandal continues in the UK, News Corp must confront two American based shareholder lawsuits, a possible credit down grade and a federal investigation.
The FBI is looking into whether News Corp. employees bribed policeman to obtain information about 9/11 victims.
There’s also fears that advertisers will stop buying TV slots on Murdoch owned stations and people will boycott 20th Century Fox films.
And in his native Australia, there’s been a call for a parliamentary inquiry into media laws in the wake of events in Britain.