“The Murdochs have lost control of events”

Naked Capitalism has a detailed rundown on the latest news, including the Murdoch’s shooting their employees in the head to save themselves, Brooks, and the BSkyB deal.

Rebekah Brooks no longer in charge of phone-hacking inquiry

British Prime Minister’s ex-aide arrested.

Andy Coulson, former News of the World (NoW) editor and media spokesman for prime minister David Cameron, was arrested on Friday along with another journalist as authorities responded to charges of widespread telephone-hacking and corruption at the Rupert Murdoch-owned British newspaper.

This scandal is just warming up…

"We here at News Corp want you to know we are on top of the problem." (Flickr photo by basmati - authentic help)

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