Exaro now reports that News Corp. executives were in an uproar over Murdoch’s statements leaking out and that they “fear disaster from secret recording.” The tapes make a Foreign Corrupt Practices Act prosecution of News Corp. more likely and Exaro says some think Murdoch may have to step down as an executive at 21st Century Fox to contain the damage.

Perhaps Mr. Murdoch can just pay a Jamie Dimon-style visit to Eric Holder (and his British counterpart), wave a few billion dollars in their faces, and put this whole pesky mess to bed. Such is the life of a plutocrat.

 

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.