Events are moving so fast this is already out of date: first the resignation of resignation of Rebecca Brooks as head of News International. For a small personal vignette of my encounter here, you can read the whole thing here.
But it’s the US where Newscorp is based, and both Rupert and James are US citizens, and this is where the scandal will finally engulf him I believe. As Carl Bernstein said earlier this week, making the explicit comparison with Watergate these revelation “are the beginning, not the end, of the seismic event.” He also stresses how important this US is to Murdoch
Murdoch associates, present and former-and his biographers-have said that one of his greatest long-term ambitions has been to replicate that political and cultural power in the United States. For a long time his vehicle was the New York Post-not profitable, but useful for increasing his eminence and working a wholesale change not only in American journalism but in the broader culture as well.., Then came the unfair and imbalanced politicized “news” of the Fox News Channel-showing (again) Murdoch’s genius at building an empire on the basis of an ever-descending lowest journalistic denominator…. And finally, in 2007 The Wall Street Journal‘s squabbling family owners succumbed to his acumen, willpower, and money, fulfilling Murdoch’s dream of owning an American newspaper to match the influence and prestige of his U.K. holding, The Times of London-one that really mattered, at the topmost tier of journalism.
Between the Post, Fox News, and the Journal, it’s hard to think of any other individual who has had a greater impact on American political and media culture in the past half century.
If we live in an information economy, then Newscorp is the Standard Oil of the 21st Century. Murdoch built up both horizontal and vertical monopoly power in the UK and Australia, leading to vast inefficiencies, corruption and unaccountable political power.
That was his aim in the US also: so it’s crucial to strike at the pillars of his power while they are beginning to crumble.
Now Rebekah Wade has gone (she “fucked the company” according to Elizabeth Murdoch), and her predecessor at News International, Les Hinton, has resigned as CEO of the Dow Jones (‘Les is no more’ as someone brilliantly put it)….
…the firewalls between the public outrage and the Murdoch family itself have fallen: