By Schumpeter ( The Economist)
ON JULY 15th “Fox & Friends”, a show on Fox News, condescended to cover the scandal that is mesmerising the world. Steve Doocy, the host, and Bob Dilenschneider, his guest, conceded that there is a serious problem with hacking: recent victims have included the Pentagon, American Express, Citigroup and Bank of America. But why are the mainstream media focusing on hacking at the News of the World? And why are they obsessing about something that happened a decade ago in London, when America is teetering on the brink of default? Having implied that the News of the World was the hacked rather than the hacker and blasted other media for neglecting the great issues of the moment, “Fox & Friends” moved swiftly on to discussing Casey Anthony, a mother freshly acquitted of murdering her child.
That is probably the dumbest comment yet on the crisis at News International. The smartest may be a piece that Conrad Black, a former press baron who is between spells in jail, wrote in the Financial Times. He described Rupert Murdoch as a “great bad man”. (True to form, Lord Black added that this phrase was first used by Lord Clarendon to describe Oliver Cromwell but was later applied to Napoleon.) Mr Murdoch, he says, has broken his word and debased journalistic standards. But he has also revolutionised an industry.



















