Rupert Murdoch
Rupert Murdoch

Australian news journalism has never seen a day as black as today -- and not just because News Corp has closed 12 of its 17 regional daily newspapers, leaving Australia with just 20 remaining.

Today also demonstrates the grotesque power of
one company -- and one family -- to decimate a large slice of a country's
news in a single media release. 

A company worth $16.3 billion, run from New York, has wielded a knife through large swathes of Australian democracy.