OFCOM have reversed their decision not to investigate News Corps' 39% shareholding in BSkyB on the basis of the 'Fit and Proper' test while police investigations are ongoing.
They may be caving into pressure from MPs, but I think that it is something that needs to be looked into bearing in mind all that has been coming out in recent weeks.
This is a link to an article dealing with this change of heart.
It has also been suggessted that Rupert Murdoch and News International were not the power in UK politics that they have been portrayed as.
The article at the end of this link develops this argument.
Finally, Private Eye issue 1293 has a lot of coverage on the whole scandal.
See Also: http://deadmanchatting.blogspot.com/2011/07/james-murdoch-accused-of-lying.html