The bombshell is on page 70 of the report by the Culture Media and Sport Select Committee into News International and phone-hacking.
“If at all relevant times, Rupert Murdoch did not take steps to become fully informed about phone-hacking, he turned a blind eye and exhibited wilful blindess to what was going on in his companies and publications.
“This culture, we consider, permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International.
We conclude therefore that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company”. That description of Mr Murdoch by the British parliament as “not a fit person” is likely to have significant consequences.
It will force the board of News Corporation to review whether the 81 year-old, who created one of the most powerful media groups the world has ever seen, should remain as its executive chairman.