'In the old days, newspapers were managed at a loss, if necessary, to preach what their proprietors regarded as the fundamental truth; more recently they can only preach what their proprietors regard as the fundamental truth if they're showing a profit. Rupert Murdoch 's main concern was in showing the profit rather than in being the prophet.'
Stephen Koss , Professor of History at Columbia University, who has just published Volume 2 of The Rise and Fall of the Political Press in Britain, in conversation with Ian Hargreaves.
Producer THOMAS SUTCUFFE