I'm thinking that the 'rot' starts at the top for News Corp.
I absolutely think it will affect Fox News in N America. They have precious little credibility as a news organization. Losing even a bit more can't be good.
The shareholders will be the ones who bring Murdoch down. He's under growing criticism for running his (Public) companies as though they were privately held business.
It wouldn't shock me if eventually we discovered the old man (Murdoch) personally approved the phone hacking.
Murdoch's fall will make Conrad Black's fall from grace pale in comparison.
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