Murdoch: I have cleaned up my papers

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."

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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.