WHAT are we to do with Rupert Murdoch? Enhanced Coverage LinkingRupert Murdoch? -Search using:News, Most Recent 60 DaysBiographies Plus NewsParliament's Media Select Committee has put on its black cap, and pronounced that he is unfit to run a public company.
The Murdoch retinue has been rightly castigated. But where do we go next, for are we even half way through this story? Can I set out another view to the one which now dominates the media? Not, I add, on the wickedness of hacking Milly Dowler's mobile phone.
Up to this point I did not sense there was any widespread horror at the revelations about The News of the World's activities. Not so after. All of a sudden News International was well and truly in the frame.
It is interesting how it is so often a single event which acts like a flare lighting up the darkest of places.
I believe that Mr Murdoch deserves all that will now befall him. The consequences - quite apart from the strictures of the Select Committee - will be costly.
He is unlikely freely to divest himself of his British papers. He loves the printed media. But he may be forced to sell these titles in an attempt to counter legal action in America against his worldwide media empire.
Those actions by News International that have in some real sense ruined people's lives are unforgivable.
But before we blow and blow the entire Murdoch empire away, might I sound a note of caution? The phone hacking activities of the Murdoch empire were on an industrial scale, but was Murdoch the only one involved? And are we all going to excuse the hacking activities of other newspapers that may be guilty - for I guess we will soon know the extent of these activities before too long - because they were not on a Murdoch empire scale? Is it the scale which makes the sin? The debate also seems confused with against whom the offence is committed.
If I am hacked, is the offence against the person, leaving the message, or me? Further, do we think we will see an improvement in our culture if Murdoch's titles are bought by Richard Desmond? For that is the most likely outcome.
It is no use claiming that other people should step forward to run loss-making newspapers.
Only the Guardian has behind it a very rich trust to offset the Guardian's mega and growing losses.
What troubles me most is that no attention so far has been directed on Mr Murdoch's admission to the Select Committee: that he met his personal responsibility by phoning The News of the World's editor once a month.
On this basis one should not expect much of his (let alone undivided) attention.
This admission strikes at the very heart of global capitalism.
It is this charge that I want to see pressed with all our might.
Can a system of ownership be right that gives rise to a boss who sees one part of his empire as so minute in his scheme of things - but which may play a hugely important part in the social and political lives of Britons? It surely cannot.