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Press release from Business Wire

News Corporation Statement on UK's Parliamentary Select Committee on Culture, Media and Sport's News of the World Report

Tuesday, May 01, 2012

News Corporation Statement on UK's Parliamentary Select Committee on Culture, Media and Sport's News of the World Report13:05 EDT Tuesday, May 01, 2012 NEW YORK (Business Wire) -- "Hard truths have emerged from the Select Committee Report: that there was serious wrongdoing at the News of the World; that our response to the wrongdoing was too slow and too defensive; and that some of our employees misled the Select Committee in 2009. News Corporation regrets, however, that the Select Committee's analysis of the factual record was followed by some commentary that we, and indeed several members of the committee, consider unjustified and highly partisan. These remarks divided the members along party lines. We have already confronted and have acted on the failings documented in the Report: we have conducted internal reviews of operations at newspapers in the United Kingdom and indeed around the world, far beyond anything asked of us by the Metropolitan Police; we have volunteered any evidence of apparent wrongdoing to the authorities; and, we have instituted sweeping changes in our internal controls and our compliance programs on a world-wide basis, to help ensure that nothing like this ever happens again anywhere at News Corporation. As we move forward, our goal is to make certain that in every corner of the globe, our company acts in a manner of which our 50,000 employees and hundreds of thousands of shareholders can be justly proud.” About News CorporationNews Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of December 31, 2011 of approximately US$60 billion and total annual revenues of approximately US$34 billion. News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America. For more information about News Corporation, please visit www.newscorp.com. News CorporationJack Horner, 212-852-7952jhorner@newscorp.comorMiranda Higham, 0207-782-6462mhigham@newscorp.com