Media Talk: Time for a new media paradigm?
The closure of News Corporation's News of the World British tabloid following public outcry over revelations that the paper hacked into the phone messages of murdered teenage girl Milly Downer gives us reason to consider media morality, Murdoch's mortality and human nature.
Journalist and author of
The Zurich Axioms Max Gunther once said, "When you're [in] a tug-of-war with a tiger, give him the rope before he gets to your arm. You can always buy a new rope!" Murdoch is a tiger, and it's to the shame of the British parliament and British media regulatory bodies that his claws have given him so much rope. It appears modern man fears media more than God.
Murdoch's extensive News Corporation asset portfolio currently includes
The Australian,
The Courier Mail,
The Daily Telegraph,
The New York Post,
The Times,
The Wall Street Journal, Harper Collins books, Fox, Foxtel, NRL, News Digital Media, the recently acquired Elizabeth Murdoch founded Shine Group and the Kidspot portal, and likely will soon also include full ownership of the British pay-TV broadcaster BSkyB, which saw its share price plummet on Friday in light of the NoW news.
It's very unlikely that the fall of NoW will derail the whole $60 billion operation, though many would celebrate the end of the Murdoch Empire, whose boarders breach the US, UK and Australia, such as
NewsCorpse.com, the website dedicated to chronicling the organisation's decay from within. In ‘
Murdoch scandal a symptom of broader sickness’ for the Fairfax press, former News Limited editor and author of
Man Bites Murdoch, Bruce Guthrie writes: