Back in the day, I argued back that News Corp. couldn’t cover the U.S. business story because one of the meta stories of our age is the overweening clout large economic actors have gained over regulators and government itself. I said back then that News Corp. represents that story in a metaphoric sense.
Now, it’s the story, period. Imagine trying to cover it from the inside out.
* “Meet Wendi Deng: The Boss’s Wife Has Influence at News Corp.—Murdoch Spouse, 31, Has Come A Long Way Since Leaving China a Dozen Years Ago—A Yale Connection in Beijing.”