In Britain, scandal has plagued the Murdoch family and its News Corp. media conglomerate. And today, another blow. Under pressure, Rupert Murdoch's son, James Murdoch, is stepping down as chairman of British Sky Broadcasting, also known as BSkyB. This occurs against the backdrop, of course, of the phone hacking and police bribery scandal that has focused heavily on two Murdoch tabloid newspapers. NPR's media correspondent David Folkenflik has been covering all of this and he joins us now to sort this out. Good morning, David.
Originally published on Wed April 4, 2012 12:01 pm
DAVID GREENE, HOST:
And that brings us to our last word in business, flying cars. Finally, they're here. Well, almost here. We're not exactly in Jetsons' territory quite yet. But a company in Massachusetts says its prototype flying car, called the Transition, completed its first flight and will be ready for sale within the next year.
The two-seat vehicle soared to 1,400 feet in its maiden voyage. The car - can we call it that - is expected to cost $279,000, and 100 buyers have already plunked down their deposits.
Avon, the global cosmetics company known for its door-to-door sales, has rejected a $10 billion takeover bid from Coty. That company is best known for things like its Lady Gaga and Calvin Klein fragrances.
NPR's Wendy Kaufman reports that Avon believed the offer was just too low.
Well, from a classic American company to a classic industry. It turns out automobiles are improving, so much so in fact, that the U.S. seems to be entering a golden age of vehicle quality and reliability.
Michigan Radio's Tracy Samilton has this story about the demise of the lemon.