Rupert's Crisis Expands, Deepens..

Carl Bernstein: Closing News of the World is Murdoch’s Watergate–just the beginning of the "seismic event"  From Americablog

Writing in Newsweek, Carl Bernstein (of Watergate fame) says that the closing of the scandal-ridden scandal-rag News of the World is the start of the crumbling of the Murdoch world-wide empire.
..
[T]he empire is shaking, and there’s no telling when it will stop. My conversations with British journalists and politicians—all of them insistent on speaking anonymously to protect themselves from retribution by the still-enormously powerful mogul—make evident that the shuttering of News of the World, and the official inquiries announced by the British government, are the beginning, not the end, of the seismic event.
..
“In the end, what you sow is what you reap,” said this same executive. “Now Murdoch is a victim of the culture that he created. It is a logical conclusion, and it is his people at the top who encouraged lawbreaking and hacking phones and condoned it.”
And:
Investigators are already assembling voluminous records that demonstrate the systemic lawbreaking at News of the World, and Scotland Yard seems to believe what was happening in the newsroom was endemic at the highest levels at the paper and evident within the corporate structure. Checks have been found showing tens of thousands of dollars of payments at a time.

As the scandal and its implications become clearer, you'll see more reports like this..