When News Corp. (NWS) filed its 10-Q on Wednesday, what was missing was much more interesting than what wasn’t: still no word of Judith Regan’s severance agreement. Granted, it often takes time to negotiate these sorts of things, especially when there’s all sorts of charges and counter-charges floating around including whether she made an anti-Semitic comment. In today’s Daily News, News Corp. chief Rupert Murdoch said that Regan “was not a team player…and that’s putting it mildly.”
Still, given the near-daily headlines since Regan was canned back in mid-December (on the eve of the company’s holiday party), one would assume there would be some mention of the situation in News Corp.’s Q. But there wasn’t. Not in the “commitments and contingencies footnote”, despite repeated threats of a lawsuit by Regan. And not in the MD&A section either. Nada. Nothing. Zilch.
The wait continues.