The collapse of the News of the World is partly the result of a new understanding by British politicians that their political future no longer depends on the patronage of Rupert Murdoch. David Cameron and Ed Milliband realized that they not only could but should disown their relationships with him – an act which would have been considered political suicide only a few years before. And it was not just that the stranglehold of newspaper proprietors over politicians had been relaxed. The final nail in the coffin for the News of the World was a short campaign on twitter which persuaded companies to withhold their advertising from Britain’s biggest highest-circulation newspaper.
This suggests that new media is not just a faster and 24 hour news channel. The political economy of media is changing…
"— Owen Barder on how twitter and new media are impacting politics. Fascinating.