Media Moguls

Love the new Dan and Dan video on the News Corp debacle on how the vacuum left by the News of the World might be filled. Meanwhile. it was a momentous day in the history of the media industry yesterday.

Rupert Murdoch, the 13th most powerful man in the world according to Forbes, the man who can make and break governments and the reputations of the rich and famous, is forced to debase himself to the Dowler family.

One down, how many thousands to go?

Meanwhile, his surrogate daughter, “lightning conductor” and personal hatchet hack finally fell on her sword, although I think that should be “pen”. It is mightier after all.

It makes you wonder where it will all end. I suspected that the sacrifice of the News of the World wouldn’t be enough. There is a sort of revenge mission creep when these things blow up and making a grand, dramatic only sharpen’s the outraged public’s appetite for more.

We saw it with the MPs’ expenses debacle when what started as justifiable outrage at duck houses, mortgage fiddles and the like has descended to the point where we’re demanding that someone should count the biros every time an MP leaves his office.

But back to News Corp, Murdoch can try all he likes to limit the damage, it’s no more than opening an umbrella when the roof’s blown off. The fundamental problem is a complete failure of corporate governance when he had the chance to put it right eight years ago.

It is more than ironic that the first tab on the News Corporation’s website should be Corporate Governance and when you click it, this is what it says:

News Corporation’s Board of Directors and management are committed to strong corporate governance and sound business practices.

And that’s it. One sentence that tells you nothing at all and doesn’t even acknowledge that there’s a fire raging in the engine room. Still Rupert should take heart.

The British public isn’t outraged apparently. It’s just a left-wing media confection to stir up the students, the militants and the minority liberal tendency, not sensible people who read the Daily Mail.

I know this because a caller to the late night phone-in told me so last night. As if to prove his point here’s another video from the Campaign to Take Back Parliament on the News Corp issue.

It’s not that interesting other than for the “Journalist” who appears to have been dragged in front of the cameras for his interview after a visit to the dentist.

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4 comments… add one

  • rog 16th July 2011, 4:03 pm

    terrible stuff. I don’t know if you can get Comedy Central there, but Jon Oliver was bemoaning howbad things are in the US until his UK staffer made it clear that this scandal was WAY worse.

    BTW, deleted the message, which I assume was for Denise.

    Reply
  • Shooting Parrots 16th July 2011, 5:42 pm

    It is pretty bad and spreading by all accounts. I hear the Australians are talking about an inquiry.

    Thanks for sorting out the comment. It was for Denise!

    Reply
  • Cildemer 17th July 2011, 12:24 am

    Money is the root of all evil!
    Thanks for sharing and thanks for visiting my place and taking the time to comment;o)

    ***
    Have a nice and happy weekend****

    Reply
  • Jay from The Depp Effect 17th July 2011, 4:52 pm

    I simply can’t get my head around what these completely unscrupulous people have been doing – or that a senior policeman appears to have been involved.

    Is there NO standard of public decency anymore? I begin to despair.

    Reply

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