As well as another uncomfortable and potentially embarrassing grilling at the hands of British lawmakers, Mr. Murdoch could technically face a fine or imprisonment if he is found to have lied to a select committee. The House of Commons views being misled as "contempt of the house," although no one has been fined since 1666 and the last person to be temporarily detained was in the 19th century.
Despite the damage to News Corp.'s reputation with the departure of senior executives such as Les Hinton, and the collapse of the firm's planned bid for the remainder of British broadcaster BSkyB, the phone hacking scandal still poses more danger for Rupert Murdoch and Co.
Today, Lord Justice Leveson, the man heading a judicial review into the issue, heard applications from people and organizations seeking answers to allegations that their phones were hacked. Petitioners include Formula 1 boss Max Mosley, former deputy prime minister Lord Prescott, and actors Jude Law and Hugh Grant.