Rupert Murdoch withdrew his bid for the remaining shares in BSkyB moments before MPs from all parties were due to join forces to argue against the deal in the Commons. Now Murdoch, his son James and the News International chief executive, Rebekah Brooks, have been summoned to account for their company's actions in front of a parliamentary committee.
It's a major reversal for a company that had become accustomed to being courted by politicians looking for favourable media coverage.
On this week's podcast James Macintyre, political editor of Prospect magazine, joins Guardian columnists Michael White and Anne Perkins to discuss another dramatic week in politics.
One man who has emerged from the ordeal apparently in credit is the Labour leader, Ed Miliband. He was the first leader to voice his disgust at the scandal and took a political gamble calling for Rebekah Brooks to resign early on. Now he's enjoying his highest ratings as leader, but can he sustain his good run?
James Macintyre, author of a new biography of the Labour leader, says Miliband has the opportunity to emerge as more than just an effective insurgent.
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