Murdoch reluctant to invest in Britain

News Corporation will focus on US operations.

Rupert Murdoch. Photo: Getty Images

In an interview with Fox Business this Thursday, Rupert Murdoch explained his reluctance to invest in Britain compared to the US. The interview with Neil Cavuto came after news that the corporation would be splitting up its publishing and broadcasting companies.

Murdoch has recently been criticised by a British parliamentary committee, which declared him unfit to run a major corporation. Although his reputation has been repeatedly put under question during the phone-hacking revelations, Murdoch assured that it was not this that pushed him to split his companies. He did however, claim that his priorities now pushed him away from Britain and that there are "billions and billions of dollars, and if Britain didn't want 'em, there are plenty of good places to put them here [US]".

Murdoch also revealed that it is "highly unlikely" that his eldest son Lachlan Murdoch would be running the new newspaper, education and book publishing company, promising that Lachlan loved living and running his own business in Australia.