News Corp's shares have slumped around 20 per cent since the phone hacking scandal broke.
As a result, the Murdoch's have lost $1bn of their own personal wealth.
But shares have rebounded today on reports the company's chief operating officer may replace Rupert Murdoch as CEO.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
So who is Chase Carey?

