This is indeed a critical time in our nation’s history.
However, this particular headline is Drudge excerpting a quote out of context. Murdock’s written a memo to NewsCorp employees that essentially says competitors are extraordinarily stressed by the economic situation and cutting back, but NewsCorp is going to use it’s deep pockets to continue to improve its position in the market. Murdock’s quote has more to do with his company’s strategy than the future of the world.
Exactly...what brought it about was Chernin’s departure, a rather substantial development in the life of the company. Mr. Murdoch sent it out paired with Chernin’s memo to the employees. Next thing you know it ends up on Drudge replete with the apocalyptic headline treatment.