I think we’re so used in America to see corporate malfeasance get a free pass that we’re not particularly inclined to believe that News Corp. will be fatally wounded by this phone hacking scandal. I’m not so sure of that, not least because the story originated in, and is still being adjudicated in, Britain. To be sure, their government is completely compromised and in bed with Murdoch’s company as well, but in a way that’s forcing them to be more aggressive than they would otherwise. Already we’ve seen huge dominoes fall – Rebekah Brooks, Les Hinton, the BSkyB deal. And now the Board of Directors of News Corp. is starting to wonder if Murdoch himself is in the position to continue.