Any discussion of the so-called liberal media should be prefaced by the admission that it's way more profitable to be a conservative. Last month, it was the revelation that the website Tech Central Station was funded by right wing lobbyists for the purpose of propagating favorable coverage of their issues over the internet. Now, in the wake of the collapse of the Conrad Black publishing empire (Daily Telegraph, Chicago Sun-Times, New York Sun) comes the not-so-surprising revelation that many of the more "distinguished" pundits on the right were generously supported by his lordship, including George Will, Richard Perle, and William F. Buckley. As George Will said, when trying to justify why he didn't tell his readers about the truckload of money he got from the subject of one of his more positive columns, "My business is my business. Got it?"

UPDATE: Krugman adds his take. OUCH !!!