Rupert Murdoch has admitted to the Leveson inquiry there was a "cover-up" at News International over the phone-hacking scandal.
When asked by Jay whether News Corp had managed the legal risk of phone hacking by covering it up, Murdoch replied: "No. There was no attempt either at my level or several levels below to cover it up. We set up inquiry after inquiry, we employed legal firm after legal firm. Perhaps we relied too much on the conclusions of the police.
"Our response was far too defensive and worse, disrespectful of parliament."
Murdoch later revealed he wished he had closed the News of the World earlier and also admitted he panicked when the phone-hacking affair blew up into a major scandal in July 2011.
CBS News said Friday it will shut down its storied radio news service after nearly 100...
