Rupert Murdoch supports Hillary Clinton

Dallas Blog reports that Murdoch, the head of Fox News, NY Post and the Weekly Standard, will be holding a fundraiser for possible Democratic Presidential candidate in 2008, Sen. Hillary Clinton, D-NY.
Murdoch has been a huge backer of the Bush Administration and also endorsed Tony Blair in his campaign for Prime Minister.
Dallas Blog suggests that this may be a sign of Murdoch switching sides as a matter of convenience in anticipation of a Clinton presidency in 2009.

The Murdoch media entities have been closely identified with the neoconservative advocacy of the War in Iraq; and, more recently, his US publications have been pushing for military action in Iran. Mrs. Clinton has been supportive of the Iraqi war and has called for stronger action against Iran to address that country's development of a nuclear capability.

From the Telegraph in Calcutta:

The decision marks an abrupt change for Murdoch, whose combative New York Post tabloid assailed Hillary during her successful run for the Senate in 2000.
His enormously influential Fox News television channel was once described by Hillary as part of a “vast Right-wing conspiracy”.
But with Hillary moderating many of her positions as she considers a run for the presidency in 2008 and with the Republicans taking a hammering in the polls, the time appears ripe for reconciliation.