Rupert Murdoch: I'm Shocked by the Scandal

Of course the head of News Corp knew nothing about the criminal activities going on his company, involving his own son:

News Corp. chief Rupert Murdoch said Thursday that he panicked when he closed the News of the World tabloid last year, one of a series of revealing exchanges made at an inquiry into British media ethics.

The 81-year-old media magnate acknowledged that the scandal which erupted at the Sunday tabloid last July was a "serious blot" on his reputation, but claimed his company was drawing a line under the sordid episode.

"I've spent hundreds of millions of dollars" cleaning up News Corp. subsidiary News International, Murdoch told the inquiry. "We are now a new company altogether."

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