Rupert Murdoch's News Corp. is get past more than two years of bruising scandals and a U.S. government investigation into alleged corruption as the company seeks to split into two publicly traded companies this summer.
The Wall Street Journal reported this week that the Department of Justice is nearing the end of a broad investigation into alleged corruption at News Corp. in the wake of the damaging phone hacking scandal at the company's British publishing unit.
The Journal said that DOJ investigators received information that Journal reporters provided gifts to officials in China in exchange for information for news articles. The Journal said that its parent company, Dow Jones, found no evidence to support such bribery claims.
A Department of Justice spokesman was not immediately available.
The allegations, if true, could be explosive because they would mark a potential instance of News Corp. running afoul of the U.S. Foreign Corrupt Practices Act. That law forbids U.S. companies from providing gifts or money to foreign officials to try to gain a competitive edge.