To quote City AM...."In many ways, the disgusting scandal that has so stunningly and abruptly destroyed Rupert Murdoch’s News of the World (NotW) could prove to be a mini-Lehman Brothers moment for the media industry. As the dominos tumble, there will be more, as yet unknown, corporate victims. Seismic, uncontrolled changes are now afoot, at a time when technological innovation was already revolutionising the market; some of these shifts will be good, others will be destructive.
"It is not just the media (and its consumers) that will be affected: the police is being engulfed by what could be the biggest corruption scandal since the 1970s; and Westminster is in turmoil. Business, finance, politics and the media: this is an astonishing story, involving some of the world’s most powerful, larger than life characters, and one which will dominate the agenda in Britain for years to come…."
http://www.cityam.com/news-and-analysis/allister-heath/scandal-will-be-lehman-brothers-moment-media
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