Elisabeth Murdoch Revolts Against Family In MacTaggart Speech

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Reuters/Paul Sandle, August 23, 2012

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EDINBURGH, Aug 23 (Reuters) - Elisabeth Murdoch urged the media industry on Thursday to embrace morality and reject the pursuit of profit at all costs, which her brother James championed before scandal engulfed News Corp.

In a speech offering a chance to show her credentials to take over her father Rupert's empire, she said profit without purpose was a recipe for disaster, and the phone hacking scandal at the News of the World newspaper showed the need for a rigorous set of values.

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