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Thursday, September 11, 2008

Russian Officials Raid News Corp. Unit Offices

Investigators raided the Moscow offices of the outdoor-advertising unit of News Corp., owned by media billionaire Rupert Murdoch, a company spokeswoman said. The Monday raid of News Outdoor's offices and two production facilities paralyzed its operations, Irina Komissarova said. A Moscow court ordered the search as part of a probe into negligence charges against a top official at the city government's advertising committee, which also was raided, News Outdoor said. Ms. Komissarova said the company faces no charges. The Investigative Committee of the Prosecutor General's Office, whose officers conducted the search, declined to comment. News Corp. owns Dow Jones & Co., the publisher of The Wall Street Journal.

Wall Street Journal; September 10, 2008