"The pressure to compete, the fear somebody else will make the splash first, creates a frenzied environment in which a blizzard of information is presented and serious questions may not be raised."
"All institutions have lapses, even great ones, especially by individual rogue employees - famously in recent years at The Washington Post, The New York Times, and the three original TV networks."
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Source: Carl Bernstein: Is Phone-Hacking Scandal Murdoch's Watergate?. www.newsweek.com. July 9, 2011.
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