Well, a sort of defeat, anyway. Our friends over at Danwei have posted a wonderful piece of satire on Rupert Murdoch’s recent decision to dump most of his stake in Hong Kong-based Phoenix Media. The world’s last great media mogul just can’t get ahead in China. From having Hu Jintao personally nix a back-door deal to being caught illegally selling National Geographic in the Chinese hinterland, News Corp’s Middle Kingdom story is a truly entertaining one. Be sure to read the comments on Danwei’s post for additional amusement.