David Carr on News Corp.: 'Money will fix a lot of things, but not everything.'
David Carr takes a look at the phone hacking scandal in his column today, and his take is that for News Corp., the answer to every question has always been money. However, this time paying people and might not be enough. Carr lays out a few cases in which the company has made use of its mountains of money to make problems disappear, most notably the first time news of phone hacking was revealed by The Guardian, back in 2009:
While expedient, and inexpensive — the company still has gobs of money on hand — it was probably not a good strategy in the long run.
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