His statement does, however, reveal a much wider and more significant truth: the Murdoch way of doing business. If you come to our parties, if you join us on our yachts, if you are at our cosily-arranged dinner table, we might expect something in return, but we certainly don’t expect you act in a way contrary to our interests. And if our largest-selling newspaper supports your political party … well, it’s not difficult to guess the rest.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.