Rupert Murdoch's News Corp has scrubbed billions of dollars from the value of its newspaper publishing businesses and promised a big programme of cost cuts over the next year.

George Osborne today gave the clearest indication yet that the Government will not support proposals for sweeping changes to press regulation even if they are proposed by the Leveson Inquiry.

For those who had already made up their mind that Jeremy Hunt had to go, the newly-released texts from the Culture Secretary were mere confirmation of his role as a cheerleader for Rupert Murdoch’s News Corp.

QC reveals explosive new evidence of text messages

involving Hunt, Murdoch and Chancellor

Would he like to count again the conversations with News Corp he told the Commons were 'zero'?

The political scandal over Rupert Murdoch's battle to buy BSkyB moved closer to David Cameron last night after new evidence undermined the Prime Minister's claim that his Government was scrupulously even-handed in deciding on the £8bn deal.

Devastating memo shown to Leveson Inquiry puts PM in line of fire

Amnesia has many potential causes, and some are more obvious than others. In the 1945 noir classic The Lost Weekend, for example, alcoholism robs Ray Milland of recall, but with the 2010 remake shot at Dorneywood, the memory loss is harder to explain.

Rupert Murdoch is not a “fit person” to run a major international corporation, a committee of MPs said today.

This was no single incident, but an entire relationship of staggering impropriety

Last week, Whitehall whispers suggested that David Cameron would delay his first major cabinet reshuffle until the autumn so he could promote Jeremy Hunt, who could not be moved until after the London Olympics.

Two days after Vince Cable was removed as the government minister who would be making the decision about News Corp’s full take-over of BSkyB, James Murdoch attended a meeting with the Prime Minister, David Cameron, at the home of Rebekah Brooks and her husband Charlie Brooks. Around 15 people were at the meeting.

Rupert Murdoch was in London yesterday preparing for his appearance before the Leveson Inquiry to answer questions about his relationship with prime ministers from Margaret Thatcher to David Cameron.

Decision means none of Murdoch clan is likely to succeed Rupert at helm of News Corp