News Corp 'understand the importance' of MPs report

A source close to News Corp said the board "understood" the importance of the report by MPs that said CEO Rupert Murdoch was "not a fit person" to run the company and earlier "met to review its findings".

The report came out and the board understood its importance and met to review its findings.

Earlier, the media company released a statement saying they had "full confidence" in Mr Murdoch.

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News Corp backs Murdoch

The News Corporation board of directors has issued unanimous statement of support for chairman Rupert Murdoch, after a report by MPs into phone hacking said he was "not a fit person" to run a major international company.