According to the Associated Press and The Wall Street Journal, the FBI is looking into allegations that News Corp. employees may have hacked into the phones of 9/11 victims.
The stock saw a drop late in Thursday's regular session when the reports first surfaced, dipping as low as $15.81, before closing down 2.3% at $15.99. The shares were slipped another penny in the extended session.
The reports come after News Corp. pulled the plug on U.K. newspaper News of the World last week after nearly 170 years in an attempt to deal with a widening phone hacking scandal in that country.
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