Media critic Michael Wolff's new book, The Man Who Owns the News, is excerpted in the London Guardian today. But it glosses over the details of a joke in particularly poor taste that the reptilian Newscorp billionaire told his Sun tabloid editor Rebekah Wade—who was was arrested a few years back for assaulting her supposed "hard man"* British actor husband—after "a few drinks in a posh London restaurant," about gay sex. "Seeing [Wall Street Journal publisher Robert] Thomson arrive, Murdoch whispered: "For God's sake, don't tell Robert what I said. He's a gentrified man ... very clever," it reads.
Also in the book, apparently (from Radical Royalist):
...Murdoch was devoutly anti-monarchy but that "the internal cash flow of News Corporation became highly dependent on The Sun's obsession with Diana".
The day Princess Diana died, in 1997, Mr Murdoch met a News Corp executive at a bar and got blind drunk. He was "mourning" the passing of a woman whose life had been a circulation bonanza.
*Heh. If it wasn't for that line, I would've quoted the Guardian itself.