Can Murdoch survive the hacking scandal?

Murdoch protester
A demonstrator from Avaaz, a global campaigning group, wearing a Rupert Murdoch head, holds banners in front of Parliament in London, Wednesday, July 13, 2011. Murdoch's News Corp. media company has been rocked by a phone hacking and bribery scandal at the News of the World, which the company closed after 168 years.
Kirsty Wigglesworth/ASSOCIATED PRESS