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Louis vuitton handbagsTwo News Corp. spokespersons didn't return calls Monday. But the company said in a statement that it would investigate new allegations that its papers had hacked the medical records of Brown's son, Fraser. In 2006, The Sun revealed that the seriously ill, 4-year-old Fraser Brown had cystic fibrosis.
Five Finger ShoesFraser's mother, Sarah, tweeted her reaction about the revelations Monday: "So sad to learn all I am about my family's privacy — it is very personal and really hurtful if all true."
Londoners are accustomed to the sensational headlines of British tabloids, but many are shocked at reports that Fraser Brown's medical records had been hacked.
"It's absolutely appalling," says Tamsin Kemmiss, 52, a secondary school teacher. "The sublime arrogance of Murdoch being able to just fly in here, keep Rebekah Brooks at her post, shut down the paper. It's all just appalling."
Rebekah Brooks, CEO of U.K. subsidiary News International, edited News of the World when some of the hacking occurred. She has denied knowledge of any wrongdoing, and Murdoch has stood by her.
Other Londoners aren't surprised at the developments, given the salaciousness of the British tabloids.
"They call it the gutter press for a reason," says Nicholas Thompsell, a senior partner at a London law firm. "It was bad, yes, but I think the media attention on it is out of line with its importance. People are starving, being murdered, and all we've read about for (two weeks) is this."
Some believe billionaire Murdoch was due for some comeuppance.
"I think Murdoch had it coming," cab driver Jim Roach says. "Working-class people are glad this is happening to him. How can a man who doesn't live in this country own 40% of the media here? It's wrong."
Investors aren't liking what they've been reading or hearing.
On Wall Street, News Corp. shares sank 7% to $16.10 Monday and have lost nearly 16% from their 52-week high. Monday's plunge reflects investor concerns that "reputational damage" could spill over to other News Corp. properties, says Standard & Poor's analyst Tuna Amobi.
News of the World accounted for less than 1% of News Corp. revenue and earnings. But Jeffrey Logsdon of BMO Capital markets says investors are worried the allegations could lead to wider questions .
For the stock market, "it's a mystery why this newspaper would go to these lengths to get this story," Logsdon says. "For investors, that makes everything mysterious. Is this localized, regionalized or globalized? No one knows."
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