How safe is the Murdoch empire?

At the centre of the News of the World hacking scandal stands its owner Rupert Murdoch. These allegations have rocked his Newscorp empire to its core as politicians debate the wisdom of allowing one man so much power, writes John Daly

IN the end, the closure of the 168-year old News of the World became an inevitable reality that not even the legendary business savvy of Rupert Murdoch could save.

Having withstood the public and political outcry resulting from the scandal where up to 4,000 phones may have been hacked, it was the mass desertion of advertisers that hammered the final nails into the tabloid’s coffin.