Turner Says Murdoch ‘Going to Have to Step Down’ From News Corp.

Billionaire Ted Turner said News Corp. Chairman and Chief Executive Officer Rupert Murdoch will probably have to leave the helm of his media company after a phone-hacking scandal that began at one of its newspapers.

“I think he’s going to have to step down,” Turner, 72, said in an interview on Bloomberg Television. “He hadn’t survived anything like this. This is serious.”