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Closing down a profitable newspaper seems like a dramatic move for any media owner, and especially Rupert Murdoch. Let's go one
step further: Could this happen to a TV news network?
TV news networks are surely just as competitive as newspapers. But to what extent can anyone imagine TV journalists or editors
systemically hacking phone lines of government officials and others, as well as bribing police with cash payments as News Corp.'s News of the World seemingly did?
We are not talking
about one-off incidents but a planned ongoing strategy to get stories at any cost. U.K. tabloids have been operating in this win-at-all-cost frame of mind for some time. (Seemingly there is a phone
hacker in the U.K. that works for many publications).
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It doesn't seem that in this age anyone would abandon a newspaper, let alone a TV network, like News Corp. did with News of the
World. For News Corp. it seems like it was an easy TV-versus-newspaper decision. On the surface, News Corp. closes down a profitable, but lower revenue generating newspaper, to gain approval for its
takeover of BSkyB, a growing satellite TV programming service.
No TV networks have ever closed down because of alleged illegal activities. It's all about business activities or the lack
of them. Two broadcast networks, the WB and UPN, ended some time ago -- pooling resources under the CW, which still isn't profitable. Other cable networks have done the same -- but to morph into
something better. More recently, Discovery Health Network became the Oprah Winfrey Network: OWN. And ABC's SoapNet plans to become Disney Jr.
Media owners will do all they can to extend
their brand names, even if they wither away. Some time ago, Warner Bros. moved its WB brand to an online area. It's fairly remarkable for any media business -- traditional TV, newspapers, or newer
cable or digital businesses -- to completely, and quickly, shut down.
Already some say News Corp's scandal could extend to other newspapers. Will it end there?