>> i think carl bernstein is right. ain his minimum optimism, it is up to the public to change, and i don't know if they have the appetite to change. i think there is a revulsion that i have not seen for 14 years against the tabloids, but the worst excesses of the tabloids have been someone new. no politician can provide a fig leaf of respectability to allow it to continue. no mainstream high level petition can be suffering with the murdochs again. >> the great element is what outcry against bublic rupert murdoch, but still love his products. is newspapers are some of the most successful in this country, but somehow the public somehow feels they do not like people wielding political influence when they do not have the votes. >> when they have not been elected. >> you referred to the relationship between father and son. is this the breakup of the great empire, that the dynasty will not be handed on and quite the way they thought? >> it is hard to know. rupert did not say much, but every word that he said mattered. james

. >> susie: there was an article in "newsweek" written by carl bernstein under the title, murdoch's watergate and saying that this is the beginning of the end of the murdoch empire. your thoughts on that. could that be the case? >> i don't think the empire is going to crumble any time soon. but what i think we are seing is perhaps an end to the celebrity type cuture ta inculcated journalism on both sides of the atlantic and has been mainly stimulateed and driven by the murdoch approach to get the news at any cost, and let the chips fall where they may. that kind of absence of ax*egtics in journalism is going to, i think, evaporate because of the phone gate. the murd pock scandal. >> we'll see how it plays out, porter. thank you so much for joining us. >> pleasure. soox*uds and we've been speaking with porter bibb, managing partner of media tech capital. >> susie: tom, every time i looked up from my computer to look how the markets were doing, he was either up or down u. never knew which way it was going depending on the news coming from bernanke and all the stuff from news corp. >> tom: if yo

the reporting of bob woodward and carl bernstein led to the watergate scandal and the downfall of president richard nixon and the paper is most well known for all of its political coverage but oh how that might even newspaper has fallen this week of those broke a major news with the following headline michelle obama orders seventeen hundred calorie meal at shake shack. can you believe now it turns out it was about a fifteen hundred calorie meal but that's not the point here this is a suppose it a world class newspaper a leader in print journalism actually put time and effort into a story about the first lady eating a burger and fries at a d.z. restaurant i'm sorry but it was so stupid but not to be outdone the next day they also ran an online poll asking is michelle obama hippocrates for loving burgers give me a break guys she ate a greasy burger it happens as a favor as a notice the first lady is in excellent shape she had a killer body she often talks about her workout routine in the post wanted to know if it was a bad example for the first lady to be eating a burger while pushing her let

joining the table, carl bernstein and contributing editor gabe sherman.ny, what jon stewart said. >> he is funny. what's your point? >> it's kind of not funny, too. seriously. >> it's fascinating. are you doing the reporting? >> i have been. writing a series of web pieces. this is just an epic story. the amount of headlines every day coming out of this story. this, on a normal day would be, you know, a month long story. every headline would have a long shelf life. yet, they keep coming. to me, the next step is what does this mean for the future of news corp. and rupert murdock. who is going to step in if there's a management takeover. >> you talked in your last piece that i read how this seems counter intuitive but it's good for roger ayles. >> for once, all the critics are not talking about fox. fox is not involved in this, as far as we know in the hacking saga. it's a legitimate business. what's going on with murdock's tabloid has nothing to do with fox news. >> explain how his enemy's within his family and news corp. are going up in flames now. that le

>> it's interesting because this is 38 years ago, carl bernstein and i were doing this reporting for people, getting lots of detail about the coverup, about illegal campaign money, dirty tricks, and it was an era when you could go to the white house and talk to dave gergen for an hour and a half and spell out what we had and say, what can you give me guidance on, what's your response? and there was no rush to print. we eventually printed all of these stories, but sometimes it would take weeks. >> you bring up an interesting point about the times and how much times have changed in terms of reporting and privacy. do you think presidents now have it easier or harder in this youtube/facebook world. >> everything is driven by the impatience and speed, and give me a sound bite and, of course, in doing this story about nixon it wasn't about sound bites, it was about real reporting and getting detail and so forth. you know, i think in the sense it's easier for presidents. i think obama can control the message. they weren't going to stop us in the nixon era from printing story, in the obama a