Rupert Murdoch is the Napoleon of our times. He has gone on conquering largely because certain governments – Bob Hawke’s among them, in early 1987 – have persistently acquiesced, changing or moderating regulations as his battle plans required. It was once possible to view him as bound, in George Munster’s phrases, ‘on a random walk … [on which] despite the ever greater accumulation of means in his hands, he contributed more and more to the spreading confusion about ends’. That was written more than twenty years ago; Munster’s great book, A Paper Prince (1985), remains valid as a rigorous and witty account of Murdoch’s rise, and as an exemplary study of the relations of media, money and politics. But that walk is not so random now.
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