I have spent hundreds of millions of dollars as a result of hacking," says Rupert Murdoch.
"We are now a new company, we have new laws."
Murdoch says he promised to go in and clear up his newspapers, "and I did."
News International bosses fell victim to a "cover-up" over the hacking scandal, Rupert Murdoch told the Leveson Inquiry today.
Today's Leveson hearings focus on the relationship between David Cameron and Rupert Murdoch and the media boss' role in the hacking scandal.
Rupert Murdoch will answer questions on the phone-hacking scandal at the Leveson Inquiry today.