Rupert Murdoch, Karma is a B_____ !

Will the Phone Hacking Scandal in the U.K. Bring Down the Media Empire?

"Decades ago, he brought to America a brash, no-holds-barred kind of journalism he perfected at his Australian and British newspapers.

Those of us from this country assigned to cover major news events suddenly started coming across British and Australian tabloid imports who would arrive at the scene with wads of cash, ready to pay on the spot for exclusive access to sources, determined to beat all competitors to a story." -Juan Gonzalez, New York Daily News

Rupert Murdoch's News Corporation owns Fox Broadcasting, Fox News Channel, Twentieth Century Fox Films, the New York Post and The Wall Street Journal and countless newspapers in the U.K. and Australia. As you may have heard News Corp didn't make out so well on the Myspace deal either. (They bought the social network for $580 million in 2005 and sold it for $35 million this year. Karma?)

Now the phone hacking scandal with News of the World newspaper has rocked the U.K. Rupert Murdoch's media empire starting to crumble? It's hard to believe he knew nothing.