Hacking scandal cost Murdoch businesses 'hundreds of millions'

Rupert Murdoch says the phone hacking scandal and the subsequent inquiry has cost his business "hundreds of millions."

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Murdoch: phone hack 'cover up'

Rupert Murdoch has blamed a cover up at the News of the World for his failure to act earlier. According to Mr Murdoch, a lawyer at the paper concealed the extent of phone hacking.