Rupert Murdoch Goes All-In on College Sports

As college basketball's March Madness approaches, it seems that Rupert Murdoch's phone-hacking problems in England are a thing of the past, at least as far as the presidents, chancellors, provosts, and trustees of a bunch of big-time basketball-playing colleges and universities known as "the Catholic 7" are concerned.

Murdoch's News Corp. is about to endow hundreds of millions of dollars to DePaul, Georgetown, Marquette, Providence, Seton Hall, St. John's, and Villanova, and at least three other to-be-named schools, believed to be Butler, Creighton and Xavier, in exchange for the cable-TV rights to regular-season basketball games played by the schools.