"Wow," "explosive," "unbelievable", just a few of the comments from inside the Committee room as journalists read the phone hacking report from MPs.
It is a damning report, attacking the Murdochs, their employees and their companies.
- Rupert Murdoch is not "a fit person" to run a major international company
- News of the World and News International misled the Committee about phone hacking
- As reported by ITV News last night it also finds former News International executives Colin Myler, Tom Crone and Les Hinton guilty of misleading the Committee
- As ITV News reported last night it heavily criticises James Murdoch but does not go as far as saying he misled. It says it raises "questions of competence" on his part and talks of "his lack of curiosity, wilful ignorance even" and calls it "astonishing."
- The failure to properly investigate phone hacking and the way evidence of wrongdoing was ignored showed "willful blindness" by News International and News Corp and Rupert and James Murdoch "should ultimately be prepared to take responsibility."
- The "whole affair demonstrates huge failings of corporate governance at the company, and its parent, News Corporation."
- Rebekah Brooks is blamed for the Milly Dowler hacking. It says the Editor should accept responsibility for the actions and culture at the paper.
- The Director of Public Prosecutions Keir Starmer and former policeman John Yates "both bear culpability" for not investigating the phone hacking evidence properly.
It is a devastating report for the Murdochs which could now affect their business empire. The House of Commons will now decide who in this report is in contempt of Parliament.