This past week had an avalanche of news from Washington dealing with the debt ceiling crisis. This one story alone threatened to fill the entire "news hole."
Yet there was one other story important to the future of the news media itself -- the collapse of the Murdoch news empire. Now being compared to Mubarak under attack, Murdoch appears equal parts contrite and terrified. These emotions are appropriate. Whether or not Mr. Murdoch committed any actual crimes, he did, in fact, take advantage of a system which allowed for tremendous media conglomeration. This concentration of power aided the Conservatives in Britain and the Tea Party in the U.S.
I will have more to say about this matter soon.
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