Newspaper success or failure has traditionally rested with their editors. In this case Murdoch is responsible, even if, as he claims, he is simply responsible for trusting the wrong people. If he really does care about press freedom, he should free up his titles and let a new generation of newspaper owners take over.
Almost a decade ago I happened to be in a situation whereby I became privy to information which raised a red flag both legally and morally. At the time I didn't realise the extent of its significance and stored it away as a tale perhaps to be recounted one day in my memoirs or a fictionalised account of my experiences of the media world. When the phone hacking scandal first raised its ugly head a few years ago I immediately had flashbacks to those events and alarms bells rang off as to their potential significance. But when the scandal seemed to blow over as quickly as it erupted I didn't give it much further thought.