There's the tragedy for the son and the family, but worst of all for Rupert. Those who didn't quite believe it in the summer must surely acknowledge it now:
James Murdoch can never sit at his father's desk. The whole succession scenario is bust. The Murdoch hegemony stops here. No sentient shareholder is going to let the family run things hands-on any longer. Just sit back and cash the dividends.
There may be more rumours about a
Sun on Sunday come the dawn of 2012, but forget them. We can't even be sure there'll be a
Sun if James's readiness to shut it (should more hacking be discovered) is tested. There won't be any clear, calm, imminent moment when, all passion spent, the
Bun seems wholesome again. Trinity Mirror, its profits bulwarked by the greatest ever stroke of luck, can carry on smiling. The murk of 2011 will just linger on (oozing into view every time Tom Watson mentions a new private eye).
Those who like strong medicine and stronger penalties against malfeasance may care to count the payback thus far. For Murdoch: no heir, no
News of the World, some $90m (£56m) gone, a reputation and an influence lost, a family at war. For James: no glowing future. For many of the rest of the gang: no jobs and possibly no freedom either. Retribution doesn't come crueller than this. Hacking can damage your health, wealth, your nearest and dearest. Hacking has sundered the biggest media empire in the globe: and many things, including Wapping and, less joyously, the papers that remain, can never be quite the same again.