The fall of an empire?

Amid all the hype of the Murdoch saga, it is fascinating to see how the mighty rise and fall.

All eyes have been drawn to the shaming of the billionaire media mogul and the craven way in which leading politicians have seamlessly switched from fawning over Rupert Murdoch one moment and then attacking him for his newspapers' appalling methods of investigation the next.

But while it can be delectable to revel in schadenfreude, let's just remember a few things.

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