News of the World crashes out of existence, and…

Well, hmmm, not sure what to say. Except I spend last evening with an old friend and a great local journalist, who pointed out the loss of advertising revenue was remarkable (and in our lifetimes at least) unprecedented.

In a few short days one of the most powerful press barons, who has traded on his capacity to call the public mood better than those politicians his papers often lacerated for being out of touch, has been subjected to a humiliating climbdown.

However, this story has so many hares running loose, who knows where it’s going to end. The collapse of an historic title like this may only be a semi colon, rather than the full stop in this story.