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On July 15, Attorney General Eric Holder confirmed the FBI investigation, saying:
"There have been serious allegations raised....There have been members of Congress....who have asked us to investigate (and) we are progressing in that regard, using the appropriate federal agencies in the United States."
What'll come of it isn't known. Watergate didn't topple Nixon. Harming powerful interests did, so it remains to be seen if Murdoch committed similar transgressions. If so, retirement at age 80 may follow, but not the demise of News Corp. and its flagship Fox News operation, a cash cow New York magazine's Gabriel Sherman believes will be more valuable than ever.
That depends, of course, on what, if any, wrongdoing FBI investigations disclose and whether or not prosecutions follow.
For sure Murdoch sustained a body blow. Calling it coup de grace strength, however, exaggerates how News Corp will be affected. It likely will survive long after its aging head steps down, but imagine a Murdoch-free media landscape. Then imagine freedom from all managed and junk food news. Tune out and make it happen.
Stephen Lendman lives in Chicago and can be reached at Email address removed.
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.