British Parliament is now investigating whether News Corp. (NASDAQ:NWSA) executives, and perhaps James Murdoch himself, used unscrupulous tactics in pursuit of news scoops at the company’s now-defunct London tabloid “News of the World”. The phone hacking scandal may derail CEO Rupert Murdoch’s wish to have James succeed him. The Guardian is also reporting this morning that News of the World hired a private investigator to gather information on two of the lawyers representing phone-hacking victims in a bid to pressure the litigators to stop their work. News Corp (NASDAQ:NWSA) has potential upside of 23.3% based on a current price of $16.95 and an average consensus analyst price target of $20.89.
