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f you had only paid a 6% tax rate over a 4-year period, accumulated $7 billion in offshore profits not subject to US taxes, had over 150 accounts in tax-haven countries like the Cayman Islands and Bermuda, and used the money from your tax dodging to buy another company, you'd be wanted for tax evasion and money laundering. But for Rupert Murdoch's News Corp, that's business as usual.

law enforcement official says the FBI has opened an investigation into allegations media mogul Rupert Murdoch's News Corp. sought to hack into the phones of Sept. 11 victims. The official spoke Thursday to The Associated Press on condition of anonymity because he wasn't authorized to speak publicly. New York City-based News Corp. has been in crisis mode because of a scandal that sank its UK newspaper the News of the World. A rival newspaper reported last week the News of the World had hacked into the phone of UK teenage murder victim Milly Dowler in 2002 and may have impeded a police investigation into her disappearance. More possible victims soon emerged, including former Prime Minister Gordon Brown. Murdoch says his media company will recover from any damage wrought by the phone-hacking and police bribery allegations. The FBI's New York office hasn't commented.

Bill Moyers, broadcast journalist, and author of "Bill Moyers Journal: The Conversation Continues" talks with Rachel Maddow about the investigation into questionable conduct by Rupert Murdoch's news organization, and dangers of media empires and corporate conglomerate controlled media.

Asked what most viewers and observers of Fox News would be surprised to learn about the controversial cable channel, a former insider from the world of Rupert Murdoch was quick with a response: "I don't think people would believe it's as concocted as it is; that stuff is just made up."

As AlterNet's Addie Stan reported, the phone hacking case has had broad implications, "threatening the administration of British Prime Minister David Cameron and "boomeranging back to New York, engulfing the top executive at the largest-circulation newspaper in the United States, the Wall Street Journal."