Latest Issue

Rupert Murdoch was willing to close a market-leading newspaper to save his British business, but it did not work. Might he now need to sacrifice his whole British operation to rescue his global media empire?

The News of the World had become more trouble than it was worth. Once major companies such as Asda, Boots and Sainsbury’s cancelled their advertising, a publication that had previously made £5m-£10m a year looked like becoming a loss-maker.

The fear was that opposition to Murdoch’s business would spread to his other operations. While the hacking allegations escalated and politicians denounced News International, judges started…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect