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U.S. Justice Department Reportedly Preparing Subpoenas of News Corporation

Reported by Ellen - July 22, 2011 -

The United States Department of Justice is preparing subpoenas to News Corporation as part of an initial investigation into whether the media conglomerate violated the Foreign Corrupt Practices Act. The subpoenas need to be approved personally by Attorney General Eric Holder, Fox News reported, in order to go into effect. This is separate from the FBI probe already underway into whether or not News Corp. did any phone hacking in the United States. Although Fox News has taken some comical steps to spin the scandal, and I'll bet we can expect later reprisals against Holder if the subpoenas go forward, Studio B's lengthy, mostly straightforward report on the latest developments reflects the seriousness of the situation for its parent company. Video after the jump.

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