Of course, Milly Dowler wasn’t the only private citizen whose phone was hacked by News Corporation. You can bet there are many more such shoes to drop.

And so while this one might be hard to top, if history is any indication, one thing you can always bet on: Murdoch’s empire will always show you that you weren’t quite cynical enough about it.

Further Reading:

Murdoch’s Hacking Scandal. Two stories cover the political, police, and press angles on the News Corp. coverup

The News Corp. Coverup. Memory-impaired execs, payments to key figures, and Keystone Kops

Anybody There? Why the UK’s phone-hacking scandal met media silence

A Times Must-Read on the News Corp. Hacking Scandal

Journalism Scandal at News Corp. A peek into Murdoch’s news culture.

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.