By the way I keep hearing calls like "Since he made his fortune through such malicious practices why don't they seize his property?" Very Robin-Hoodian, but...There is no way to establish that his fortune was made specifically by gathering spicy information through not very ethical means. In today's press journalism, the money comes mostly from merchandise and commercials, and the newspaper is the end product and you cannot distinguish which part of it makes the money.
A few years ago one of the editors of The New York Times gave an interview at Hard Talk and he clearly said that even if no one buys even one paper copy of the newspaper (and its weekend editions are the size of the Bible), the newspaper would still make profit because it has reliable advertisers. So the thing that would hurt Murdoch's media empire the most is if advertising companies withdraw from it, like they did from Glenn Beck's talk show which I think was ultimately what killed it.
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Date: 17/7/11 19:28 (UTC)A few years ago one of the editors of The New York Times gave an interview at Hard Talk and he clearly said that even if no one buys even one paper copy of the newspaper (and its weekend editions are the size of the Bible), the newspaper would still make profit because it has reliable advertisers. So the thing that would hurt Murdoch's media empire the most is if advertising companies withdraw from it, like they did from Glenn Beck's talk show which I think was ultimately what killed it.