Cocoons Murdoch faces difficult decisions

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Losing is not usually in Rupert Murdoch's dictionary.

But that's apparently events Wednesday as media mogul News Corp had the under pressure from many quarters $12 billion acquisition it already not withdraw bid for the 61 percent of the British Sky Broadcasting.

Now probably tough decisions Murdoch is, how he finds out for the next move for News Corp., the global giant with some analysts suggesting he could newspaper arm on promising video and entertainment businesses sell themselves.

"We believed that the proposed acquisition of BSkyB would benefit from News Corp of both companies but it is clear that it too difficult, progress in this environment become," News Corp. Chief Operating Officer Chase Carey said in a statement.

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News Corp has faced the growing Irish last week in growing information that reporters and investigators for newspapers Murdoch owned a murdered girl had intercepted other victims of crime and relatives of soldiers messages.

News Corp was the option another shot at BSkyB, Britain's top satellite TV channels and a key element in the Murdoch's expansion into television to. Analysts, however, think it some time before News Corp to try again.

"The offer not be revived at all anytime soon so that it only to carry on as before," said Conor was Shea, analyst for Kepler capital markets.

An another bid in the midst of the current climate of anger against the company for the hacker scandal would politically difficult, "said analyst."

"If you can I would be surprised if News Corp for BSkyB tried again, but she would meet major political and public opposition, if they did," said media consultant Steve Hewlett.

Prime Minister David Cameron, who has faced difficult questions about his own relationship with Murdoch, welcomed the news that the offer was dropped: "business should focus to clean up on the mess and get his own house in order," he said through a spokesman.

Labor opposition leader Ed Miliband said it was a victory for those who makes the expansion of Murdoch's had against.

Cameron said that Parliament Murdoch's offer should fall while police investigated allegations that the news of the world hacked voicemails bribed by thousands of people looking for stories and also police information.

The press Baron, which for decades was both feared and courted by British politicians of all parties, shut down 168-year-old Sunday tabloid last week in an effort to come to the scandal and save the BSkyB offer. But there was no stopping the flow of the allegations and had considered it politically untenable.

Summoning magic-a degree of national unity rarely outside wartime, all parties, a movement stirred later Wednesday in Parliament cheap, which was Murdoch to delete urge. It was unclear whether this now would go formal vote after hours of debate, in which hostility to Murdoch was unanimous.

The scandal spread has in the United States with claims that their phone hacking practices can have aligned with News Corp journalists American 9/11 victims.

In the UK, the scandal in the political sphere with the arrest of Andy Coulson, former editor of the news of the world has stretched, was forced to resign earlier in this year as the camerons spokesman. Coulson faces charges of corruption and conspiracy for communication intercept.

Earlier Wednesday, told a source with the familiar Reuters, situation that Tom Crone, the legal Manager in the fight against Rupert Murdoch u.k. newspaper arm widespread hacking allegations, the company has left.

Crown had 26 years with news international. He still supervision for all legal matters of the Sun and the news of the world for editorial. Spokeswoman Daisy Dunlop went back to say if Crone had resigned or said leave.

News Corp shares had a rest Wednesday after about $3 billion from the value of the company in the last few days to shed itself.

Investors again contain their focus of the company's ballooning cash balance, with the hope that it will shed on the British newspapers, as the company tries to damage from the phone-hacking scandal.

Nomura analyst Michael Nathanson, said in a note that investors have been shifting their view back to News Corp.'s strong fundamental basics, located in the U.S. cable channels, such as such as Fox News, its movie studios 20th Century Fox and Fox network broadcast.

Nathanson said that he is on the head on the stocks with a target price of $21, compared with about $16 currently saw. All News Corp.'s newspapers, including the u.k. newspapers and the Wall Street Journal, represented less than 3 percent of its 1.06 billion $ in the operating profit in the last quarter.

"Perhaps this complaint News Corp, its own u.k. newspapers to rethink will force," said Nathanson in the note. "We hope that this a turning point for strategy and asset is allocation of the company, as the ownership of highly trivial newspaper assets has forced the dropping of a strategically important resource."

As of March, News Corp had amassed $11.8 billion in cash in preparation for the BSkyB deal. Investor concerns about what it would do with the cash, if the business was moved or decided the company on Tuesday cancelled, to increase the amount of shares it buys back up to $5 billion in the next 12 months of planned 1.8 billion dollars from the market until calm.

Now that the deal is completely disabled, investors are looking for more insight into new ways that the company will spend their money.

Reuters and the associated press contributed to this report.