Ex-employees are tweeting their disgust like mad, and it’s a joke all over the Internet. Says one wag:

Greater love than this no man hath, that he lay down his paper for his woman

Rival papers are having a field day. Even Murdoch’s Times of London is getting in on it.

I said a long time ago that News Corp. was no home for The Wall Street Journal, the word’s leading watchdog of markets, the economy, and corporate behavior.

But for now, remember the lesson of NotW: accountability stops at the newsroom door.

Dean Starkman writes and edits The Audit. He is CJR's Kingsford Capital Fellow.