Murdoch concerned about 'disruptive' influence of internet

Rupert Murdoch has launched into a long speech about the "disruptive" influence of the internet on the newspaper industry.

In 20 years, he says, "newspapers will have very small circulations."

"One day we won't be able to afford trucks and presses and we will be purely electronic."

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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.