This scandal has legs, an arrested CEO, Britain's top policeman resigns whilst pointing a finger at David Cameron who is cutting his trip to Africa short.
Now News Corp ownership is complicated
The developments of the past 10 days highlight the bizarre corporate structure and governance structure of the company. It is often described as Mr Murdoch's company, but in reality the Murdoch family trusts only own around 12 per cent of News Corp shares.
They are able to exercise control over the company because of its unusual corporate structure. Only 30 per cent of the company's shares have voting rights, and 40 per cent of those voting shares are in Murdoch hands
Other board members in recent times have basically been called poodles; but is that all about to change?
Mr Murdoch is struggling to retain his dominance within his organisation. Michael Wolff, his biographer, estimated that his control over the business was waning. "If 10 is being all the way in charge, Rupert is at four and a half at this point," he said.
and
News Corp's board, long criticised as sclerotic and in thrall to the Murdochs, has not so far flexed its muscles, although corporate governance campaigners in the US are circling, sensing an opportunity to push through calls for an end to family dominance.
Now the board regard the printed section of News Corp as being more of a liability and are more enamored of TV and other visual media.
Investors have remained relatively sanguine about the crisis, and News Corp's share price rebounded at the end of last week, partly because of the perception that Mr Murdoch's love affair with newspapers will no longer be indulged by the rest of his management
Now being a printed news junkie that is nearly good enough for me, however it can always be looked at as the first important step of reducing the Murdoch clans global importance and political clout.
The good news these days that any politician would regard being attached to the Murdoch's in any way as being pretty pretty toxic, and anyone watching such a meeting would be bound to wonder their integrity.
There is a time when too much publicity is a bad thing and the money behind News Corp may well be deciding that this is the time.
I doubt News Corp will be run over by just this scandal in the US, British operations may be irrevocably hit by this first stage; but let us see what happens in the US over the next series of investigations.
Murdoch's influence in the BBC is also being exposed
"Can someone please tell me who Robert Peston works for?" asked one respondent yesterday on the BBC business editor's must-read blog on the corporation's website.
A nice little graphic of this new twist
Mr Peston's relations with Mr Lewis, with whom he formerly worked at the Financial Times, go much deeper.
None of this would be a problem for the BBC if it were not for the suggestion that Mr Peston's scoops this month were helpful to Mr Murdoch's media organisation or factions within it.
News Corps tentacles are everywhere, it is time to cut them off one by one.