bskyb's share prices falling around 20% over the past nine days.aking away almost 3 billion pounds from the value of the company. what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicians that

think again about your bid for bskyb. >> reporter: taking full control of bskyb is a top priority for murdoch and newscorp, it now has 10 million british households signed up, paying on average $800 a year. that chunk of revenue could now be in jeopardy. >> bskyb is going to grow its revenues between 35% and 40% and it will throw off a lot of cash and it's a very secure business. >> reporter: with the closing of the 168-year-old "news of the world" sunday newspaper murdoch's news international now has three, not four british newspapers. will that be enough to satisfy the competition authorities that with bskyb, murdoch won't control too much of the media in britain or will the phone hacking scam make the deal too hot to handle? >> it schemes bskyb shareholders aren't thrilled to be associated with the phone hacking allegations. the broadcaster is trading 1.7% lower on london's stock exchange. news corp shares fell on the australian exchange in sydney this tuesday, dropping 4.6% by the close of trade. now on the nasdaq in new york on monday, news corp shares closed down more, by 7% and

murdoch would see himself as the founder of bskyb. to be told by politicians that he should not press ahead in its sent to own all the company and to do as they insisted, this is a set back as many -- as any. "to have reaction from australia where rupert murdoch started his media empire a little bit later. stay with us. in egypt, the government said more than 600 senior police officers are being removed from their jobs. they have demanded any action against any police killed -- any people killed by police. >> the protesters are still camped out in tahrir square. since they forced him from office, their demands for change in town. they were demanding swift change in actions. >> we have been trying to give time for the government to just continue the initial demands. still, nothing. >> the police officers are still dealing with people in an arrogant way. we want fair and transparent trials to take place in front of the egyptian people. the government hoped they might have made some progress which will appease the public. the interior mi

we're talking about bskyb. to talk about that, luis cuba joins us, market analyst with bcg partners. luis, by closing down "news of the world," will that help rupert murdoch secure the percentage of bskyb that he doesn't already own? >> well, a lot of shareholders are looking for more money than is currently on the table. murdoch was offered 8 pounds a share. and the stock's currently trading above that. a lot of them are expecting more money, maybe 9 pounds, one big firm manager asking for 11 pounds. that's one side of it. the other side is whether the politicians will allow it to go through. that's the big question. jeremy hunt, the culture secretary in the uk had been expected to approve the deal a week ago. now it's viewed that he will be delaying any decision as to whether news corp is allowed to buy bskyb. that is the big thing. will they be allowed to buy it? at the moment the only reason it can be turned down is need yao plurality rules, which is the reason sky news channel has to be hived off. the big

rupert murdoch withdrew the bid for bskyb on wednesday. that was amid the scandal at newscorp international. it must have been a tough one for him. >> reporter: oh, yeah, completely. we were all told he was desperate to get his hands on the remaining shares, 60% of sky that he didn't own. and it will be a bitter climbdown for him. one he was facing the reality that in the political climate that was developing where all the main parties were opposed to that takeover going ahead. it was just kind of unrealistic for them to pursue that right now. not saying perhaps they don't come back and have another go at it in six month's time. in terms of what will happen today, there's momentous developments today as well. right now is the deadline, we're told, fora bekaa brooks, the embattle embattled chief international to respond before a committee of politicians on wednesday. we're told 9:20 is the latest she could respond. after that who knows what will happen after that. theoretically she could be forced to attend by the sergeant at arms' office w

murdoch would see himself as the founder of bskyb. to be told by politicians that he should not press ahead, this is a setback as embarrassing as any in his decades that the pinnacle of the british media industry. >> for more on the political pressure bearing down on the moroccan pyre, i'm joined by our financial journalist. thank you very much for joining us. i would like to start by asking you, the family has been right at the heart of the british establishment for so long and now they are out. >> i don't think they can survive. the process which we have seen will go on. they are under enormous pressure to get results. there continue to examine whether the murdoch family are the fit and proper persons to even owned the piece of bskyb. there are sections in british law which mean that the directors and officers of companies can be brought into court to answer for their responsibility for the doings of their subordinates. this is far from over. i would not be surprised if they all end up in a british court and the british businesses a

i basically took myself out of the whole decision-making process about bskyb. i think now having looked at what has happened, i would argue that the culture media and sports secretary of state has taken a series of absolutely correct decisions on the basis of the legal information that he received. >> thank you, mr. speaker, there are very few places in the where the leader of the free world would subject himself to questioning. one thing that does shame our democracy, though, is that there are elements of this house that seem to make political capital over the phone hacking of millie doweler. >> but as someone once famously once said, i'm enjoying. >> yeah, yeah. >> he's right. he is right to draw attention to the fact that at the heart of all this is the issue -- >> order! i've been enjoying listening to the questions and answers as well but i want to continue that enjoyment and to hear what the prime minister is saying. the prime minister. >> i want to make to the right honorable gentleman at the heart of this as we is that we must bear in mind the victims o

the second risk was i believe the disposition of the 39% in bskyb. you know, the street likes that asset but at the end of the day if they end up sell that asset something going to have to happen to that 12 billion of cash sitting on the balance sheet that was going to be used to buy in the rest of bskyb so not only will news corporate holders get cash for the sale of the 39%, but that other 12 billion will come back to equity holders and that is yes focus on that mid single digit x to shall ca. the tv station, the street likes the tv station business. they have retransmission fees coming. the reality of this risk is actually quite low there was a case in the 1960s. rko got into trouble with the government. they didn't end up dispose approximating of all of their assets even though the sec told them to until 1990. it really was decades in the making. so i don't think that is a huge risk. even if it is you are going to see more cash come into news corp. the cash balance will rise by another $5 billion or so. >> i don't think it is a major risk. >> a l

and we can account with the decline in bskyb share price, and even just saying they give away the uk newspapers which obviously wouldn't happen. they could sell it or spin it, but that's maybe $2 billion of the whole decline. so $6 billion is more emotional, more worry about the unknowns, but i think at some point when we get through this, as long as u.s. assets aren't touched and pulled down with the scandal. uk-contained, then this is an amazing entry point to news corp stock. >> let me bring in professor coffey here. professor coffey, huge anger on both sides of the atlantic to the murdochs personally. he has been a talisman figure in the media a long time. you don't get to be the most dominant media delayer in the world without attracting a fair share of snipers. how much of that is justified? looking at him dispassionately? do you think he's primarily a force for good or not so good in the media? >> i think he's probably led a race to the bottom. the tabloid world has to respond to whoever is getting the most headlines and circulation. i really am only an expert on criminal liab

i want to turn to the bskyb. from the beginning, we have expressed concern about the impartiality in part -- transparency of the process. we have done so in a particular context. the bunnies and mistrust and impartiality in transparency. does this deal has been referred, there has been a series of events that have rung alarm bells. the removal from responsibility for reasons that people will know, david cameron appointed jeremy hunt. he expressed concern about his impartiality because he had, in the past, stated he could no longer see a problem with the acquisition. days later, mr. cameron joins james murdoch at the home of rebecca brooks. he did not ask -- answer me if bskyb was discussed. the day's news corp. more time to come forward to do a deal with the concerns. after further negotiation, he announced he was going to accept the undertakings and approve the acquisition. this was despite receiving public objection. these undertakings and of sky news being sold law and becoming a stand-alone company. a company

it looks at bskyb. it looks at the conduct of politicians. it is able to ask all of those questions and we should allow it to get on with the job. >> paul? >> news international defense seems to have shifted from one rogue reporter to possibly one rogue lawyers. they haven't fully revealed who knew what and when and who participated in the cover-up. rupert murdoch said yesterday to the select committee that situation was unsatisfactory. prime minister, what would you urge news international to do now to resolve that situation? >> simple, tell the truth to the police and to the inquiry. >> thank you, mr. speaker. does the prime minister agree with me that having failed the victims in 2006 when the mess of the government ignored the warnings and having failed the victims in 2009 when the review dismissed evidence in their own possession, we should not fail them now by simply apportioning blame, what we need is real reform about police, our media and our politics? >> i think the honorable lady is absolutely right. and the fact is we can go back

. >>> uk lawmakers close ranks to try and block news corp's bid for bskyb. first up though here in the italian capital, the government is preparing to speak to parliament for a marathon debate over the next couple days, designed to gain the necessary approval for painful austerity measures. these are ones designed to prevent this country from becoming the fourth eurozone nature to go cap in hand to the imf, the eu and the ecb. pauline. >>> european stock market investors are watching italy's debt crisis very closely. here is where they stand at the moment. let's take a look at the moment. the london ftse making some gains, so is the xetra dax t. zurich smi is pretty much flat at the moment on this wednesday morning. nina? >>> pauline, of course, the effects of italy's debt crisis are being next right across the board. let's have a look at where the ftse is. the milanese has lost about 4,000 points in the last six months alone as fears of contagion after the bailout is awarded have been hitting the shores in italy. it is the southern and peripheral areas of t

news corp shut that paper down perhaps hoping to save the bskyb deal. but it didn't work. >> rupert murdock has rarely been thwarted in his ambitions. the fact that is for the most part, he has ultimately achieved what he has wanted to. >> reporter: and he has achieved a lot building the largest media empire in the world. starting with a single newspaper inherited from his father, rupert murdock has amassed some of the world's best known, most watched brands. movie studios, television networks, cable companies, internet properties, magazine and book publishing, all part of the murdock empire. if you're watching "american idol," "the simpsons" or "glee" you're watching news corps. "the wall street journal," the "new york post," fox news and 20th century fox movie blockbusters like avatar or x-men. all news corps. and it's all made a fortune for murdock and given him enormous business and political clout. now really for the first time, that power is in jeopardy. tonight there's signs that murdock's troubles could spill out of the uk and across the atlanti

was bidding for 100% control of bskyb. this would have represented a major change for a public life in any circumstances, let alone those we now face. it would have given them unfettered control of one of the two largest broadcasters in britain as well as 40% control of the newspaper market that already own. this was not an incidental change but a major departure. the revelations of recent weeks went to the core of this bid. they suggest the people at news international have concealed and assembled in an attempt to hide the truth about what had been done, including from this house of commons. >> does my friend agree with me that given the revelations and the differences in the intermission provided to this house, it is right and proper for mr. breck of works -- rebekah brooks and james murdoch and rupert murdoch to answer the call from the select committee on culture media and sports to give evidence to this house next tuesday? >> my friend is completely right about this. these are people who are key figures in the newspap

rupert murdoch withdraws its bid for bskyb. and united states through to the finals after beating france 3-1. three bomb blasts have rocked credit districts in imbibe during rush-hour killing at least 21 people and 100 wounded. this is the biggest attack since the 2008 attacks blamed on pakistan based militants. they say one glass was at a bus stop in the crowded neighborhood. the others were at the jewelry markets, a very business the district. >> the bombs exploded at the height of the evening rush hour. within the space of 10 minutes, they ripped through three busy district. won a famous jewelry market that draws crowds of shoppers. it is believed that the perpetrators planted the explosives on scooters and motorcycles. one of the bombs was hidden inside of a car. >> about 6:45 p.m., within minutes of each other. this was a coordinated attack by terrorists. >> there was an immediate claim of responsibility. they believed the bombs were improvised devices. so far, they have refused to blame any groups. at the united nations,

a dent to the news corp operation, can they replace the bskyb revenues? key questions being asked on both sides of the atlantic. >> john with a look at the gargantuan media empire that is news corporation. >>> let's turn to the markets on unresolved debt problems in the united states and also in the eu meant a weak session in asia but it does seem in the first 60 minutes of trading here in europe we could see a bit of optimism returning to some of the markets. european stock markets are for the most part in positive territory and recovering to the tune of 1.4% are the dax is rising the most. we saw the same percentage scale yesterday and the cac 40 up 0.8%. ftse not up by much. >> we shot up shot in terms of trading in asia. the ongoing debt problems in the u.s. and the eu very much rattling the regions investors. looking at the numbers, you can tell by the losses no one's happy about this fact that we're in limbo really, certainly on the debt, and people are unhappy with the stress test going on in europe, they think they're too soft. there are the numbe

hack. >> rose: are you suggesting thee acquisition of bskyb to own all of it?> i think that's going to be incredibly difficult given the current climate. news corporation will say this should be a matters of whether the -- there are serious competitioquestions regardg the acquisition of bskyb, the satellite television company, by news corp. but we're now in the political arena. and just the mood has completely changed in the last week in this country. media plurality, that is the questions about the concentration of media -- and we have to remember that rurt murdoch owns several newspapers, as well as bskyb -- those issues are now cent stage. i think it's politically inconceivable that this merger will g ahead. >> rose: there's also thisquest, is rebekah brooks, and what did she know and what did she say and how did she do. >> the striking thingbout all of the committees, all of these inquiriess not the number of questions that are answered, but e number of qutions that are lt hanging. one aumes that when two police inquireries grind to a halt, when the levinso

s plans for the takeover of bskyb. >> labor and liberal democrats have said that this takeover should not take place. the conservatives see that they have an image problem. they are seen as too close to brocken his empire. they know that at the moment to sanction this takeover is politically impossible. >> thank you so much from london. the half brother of the afghan president has been assassinated in kandahar. he was shot dead by his head of security. this was call it -- this was called one of their top achievements by the taliban. the murder took place where the french president was on a state visit. -- while the french president was on a state visit. >> nicolas sarkozy had come to announce the withdrawal of french troops by the end of next year. that news was overshadowed by the assassination. for the afghan president, the death of his brother is a political loss as well as a personal one. "we hope that there would be an end to the pain and suffering of the afghan people and peace and security will be established in our country so that no other family has to suffer such pain. >> ah

murdoch to withdraw his bid for bskyb, and motion backed by the government. dow there will be the opportunity to say no and question james murdoch, his dad, and other executives if they greek to appear before a committee next week. what a thought. >> across the galactic, a u.s. senator has called for a probe into whether the hacking had extended to u.s. citizens and warned of severe consequences. the bbc says murdoch's activity is under scrutiny. >> this story is gaining traction intent of the u.s. the sanitary referred to is jay rockefeller, a democrat. he is the chairman of the commerce committee in the senate. he has put out a statement saying, "the hacking is offensive. a serious breach of a journalistic ethics. this raises serious questions of whether the company has broken u.s. law. i call upon the appropriate agencies to investigate to ensure americans have not have their privacy violated. i am concerned about the phone hacking and that it may have extended to 9/11 victims or other americans. the consequences will be severe." mr. rockefeller does not p

have to be paranoid to believe at the very moment when rue pursuant murdoch was poised to ache over bskyb in britain that somehow these things got exploded and he has temporarily, at least, withdrawn from that bid. >> jon: bskyb is a satellite television provider in britain. >> u.k. >> jon: he had 40% of it. the company had 40% of it. he was about to buy the remaining shares. >> yes. >> jon: or launch a bid to do so and that's all, that's all gone. >> well, he's withdrawn the offer. let's see what happens at the end of this affair and let's see how far is spreads. i think the one thing that i haven't seen a lot of is, that is waiting to see what the facts show us and how far this spreads. now, we have apparently, a fbi inquiry into whether or not we ought to have an investigation into america, into whether or not similar practices were used by any of the newscorp outlites here. there is no evidence that i have seen to support that, but that doesn't stop, a lot of the media from jumping to the same kind of conclusions, that they jumped to with respect to dominique strauss-kahn, and automat

the reason he wants 100% is because bskyb is a growing business, generating huge amounts of cash. this year profits are close to 1 billion pounds. news of the world off is under pressure. mr. murdoch has been arguing that his takeover should be allowed to go through without a lengthy investigation. jeremy hunt had a deal. now mr. murdoch withdrew that, asking for the deal to go to the ofcom. the delay in the takeover is better for him than the alternative of abandoning it all together. as a result, of the corporation an announcement this afternoon, i am wonder referred this to the competition commission. and we will be writing to them this afternoon. >> the leader of the opposition did not want to hear from mr. hunt. >> the prime minister was wrong not to come to the house of commons today. as on every occasion during this crisis, he has failed to show the necessary leadership the country expects. >> here is what the prime minister said to mr. miliband. >> if i was running that company now with all of its problems and the difficulties and the mess that they are in, there's a focus

next, to take over bskyb. we are hearing allegations. allegations they were in the pay of the news of the world and handed over the contact details for the royal family for profit. the former prime minister gordon brown had his assistances flagged. as the alleged nature of the malpractice and the scope of the newspaper involved widens, serious questions must be asked about news corporations proposed to take over of bskyb. added to this, news according has withdrawn the undertaking in view of the reference to the competition. that why on monday, my right honorable friend, the secretary of state for culture, media, and support referred their bid to the competition exhibition. the relevant independent authorities will have the time now to take an exhaustive look at the relative issues and come to a decision on whether the takeover should proceed. it will then be up to the secretary of state to make the final decision in the quasi judicial capacity. in every way, we are and must follow the law. let me repeat what i said on monday. in my view

tell us what it would mean if that deal went through, owning bskyb? "news of the world" has been closed down, but they have "the sun," which is another tabloid newspaper here, and "the times of london," and that has a great reputation and "the sunday times" as well. if he got bskyb, that would include a news channel in addition to all of his american holdings and things like fox, and the new york post and the wall street journal. he would have had massive amounts of the media market h e here, and that's what people were so concerned about. >> dan rivers, thank you. >>> here's a look at what is ahead on the rundown. has the president and top lawmakers try to hash out a deal on the economy. >>> the stars of reality "sister wives," are challenging the anti-bigamy law. we'll take a look at that case. >> the cost of the education in california just got deeper. >>> republican presidential candidate, michele bachmann, and her husband run a christian counseli counseling. >>> counseling. >>> if a parent let's a child become abuse? a recent study suggests it is

he hasn't shown the leadership necessary on bskyb. he hasn't shown the leadership necessary on news international. and isn't it the case, if the public is to have confidence in him, he's got to calm the thing that is most difficult. he's got to accept he made a catastrophic error of judgment by bringing andy callson into the heart of his downing street machine. >> what -- what -- >> order! order! i apologize for interrupting the prime minister. order! the prime minister should not have to shout to be heard and neither for that matter should the leader of the opposition. it's thoroughly disorderly the prime minister will be heard. >> mr. speaker, i take full responsibility for everyone i employ, for everyone i appoint and i take responsibility for everything my government does. what this government is doing is making sure that the fact the public and i felt so appalled by what happened, murder victims, terrorist victims who have had their phones hacked. that is why it is important there is a full police investigation with all the power

bid for the rest of bskyb. today, today i would like to update the house on the actions we are taking. first, the inquiry. second, issues concerning the police service, and third, i will answer, i am afraid, mr. speaker, at some length, about my role and that of my staff. first, the judicial inquiry and the panel of experts. these experts will be big campaigner and director of liberty, the former chief counselor, the former chairman of ofcom, the long serving former editor of channel 4 news, the former political editor of "the daily telegraph" and correspondent of the press association, george jones, and a former chairman of "the financial times," sir bell. not only in the media, broadcasting, regulation, and policing, but chose and also for their complete independence from the parties. mr. speaker, i also said last week at the inquiry will proceed in two parts, and we set out a draft term. we have consulted with the opposition, with shares of relevance select committees, and with administrations. i also talked

james is also chairman of bskyb, of which news corp. owns 31%. they want to own it all. in an effort to save the deal in which they would get it all, they have sacrificed the "news of the world." but has rupert murdoch left his home today, it was clear that this wasn't going to go anywhere near as waging the anger that was threatening to scrap the deal. the only and have been crawling all over the bskyb deal for months now is that news corp. had in effect an undertaking. they're going to spin off sky news outside their control, in effect limiting the amount of the british news media that they were in charge of. this afternoon, they withdrew that undertaking, triggering that competition commission investigation that they had been working so hard to avoid. why would they do that? well, the answer is given where they are now, given positions that they can see going forward, getting a competition commission investigation is about the best position they can hope to be an spent i think what they're doing is they're saying let's give it time, you know, whilst the competition co

bskyb is a problem, but for how long?n immense amount of capital for him right now, which means in a year or two he'll be able to decide what to purchase at this point. what have been his sacrifices? he has not announced the kind of deep investigations, and he's not made any human sacrifices. you know, his son james is still there, who signed the checks for the investigators. miss brooks is still there, who knew or should have known the kind of behavior that was being engaged. you cannot hire investigators for $100,000 a year and say, go find this story and then not ask how it occurred. >> richard levick, appreciate your insight, and certainly this story isn't going away. i'm sure we'll be talking to you again soon. thank you. >>> you don't need me to tell you it is hot out there. but in some places it's a bit more stifling than others. chad myers joins us in the cnn severe weather center. chad, a lot of folks asking, when is this going to end? >> for d.c. and for philadelphia and baltimore, it ends today. and for really

speaker, let me start with bskyb.rime minister said in his statement something he said on a number of occasions he was excluded from the formal decision-making process. but with respect that doesn't quite answer the questions he's been asked. last friday he revealed since taking office he had met representatives of news international or newscorp including rebekah brooks -- >> you're just joining us on "american morning". we just heard from be the uk prime minister david cameron, right now you're listening to a member of parliament, ed milliband, leader of the opposition and giving a statement before he says he's going to be posing questions to prime minister david cameron. >> he discussed the bid with cultural secretary or any of his officials discussed the bid with the officials of the culture secretary. let me turn now to andy colson. ten days ago the prime minister said about his decision to employ andy coldsson, i wasn't given any specific information that leads me to change my mind. mr. speaker, the country has a

go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskybe operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, right? he was believed to have murdered his wife in cancun when they were on holiday with their two kids. so what's going to happen no

he has been since to -- he has been forced to abandon a bid for bskyb. he has been summoned to testify before a parliamentary inquiry. his empire has been shaken by more revelations. the markets have reacted nervously. news corp.'s share prices have plummeted as the loan scandal widened. the scandal is moving closer to report murdoch's base in the u.s. the fbi is investigating reports that a news corp. journalist tried to obtain full information on 9/11 victims. rupert murdoch owns the fox news channel. any damaging revelations here could hit them hard. the investigation into the death of a russian contradicts the government's investigation. she was a well-known human rights activist. she was kidnapped two years ago and later found dead. >> she was barely 51 years old when she died. she knew she was in danger. her relentless reporting revealed chairman rights violations in chechnya stage by the security forces. she was a folk hero. her body was dumped on a road. >> we have evidence to support the suspicion that militants kidnapped her and killed her. we

it is trying to bite -- although rupert murdoch's is credited as the founder of bskyb, his corp. owns just 30% of it. it is a growing business, generating huge amounts of cash. this year's profits are expected to be close to 1 billion pounds, whereas revenues of his favorite newspapers, those left after closure of news of the world, are under pressure. for the past year, mr. murdoch has been arguing that the takeover should be allowed to go through without a lengthy investigation. this afternoon, in a dramatic pole back, he withdrew the undertaking. the delay in the takeover is better for him than the alternative of abandoning it all together. as a result, news corp's example -- as a result of the announcement, i am going to refer this to the competition commission. we will be writing to them this afternoon. >> the leader of the opposition did not want to hear from mr. hunt. >> the prime minister was wrong not to come to the house of commons today. as on every occasion during this crisis, he has failed to show the necessary leadership the country expects. >> here is what the prim

speaker let me start with bskyb.said on a number of occasions he was excluded from the formal decision making process. it doesn't answer the questions he's been asked. last friday, he revealed since taking office, he met representatives of news international or news corp. on 26 separate occasions. the first question i have for the prime minister is whether he can assure the house that the bskyb bid was not raised in any meetings or phone calls with those organizations. or he can say if he discussed the bid or any officials discussed the bid with the officials of the culture secretary. let me turn now, ten days ago, the prime minister said his decision to employ, i wasn't given specific information that would lead me to change my mind. mr. speaker, the country has the right to expect the prime minister would have made every effort to uncover the information to protect himself and his office. the pattern of events suggest the opposite. the prime minister and those around him made every effort to hear the facts. in the

it looks at police, the media, bskyb, the conduct of politicians. it will last all these questions and we should allow them to get on with the job. >> yesterday, news international's defense seemed to move from "one rogue reporter" to "one rogue lawyer. prime minister, what would you urge them to do now to resolve the situation? >> simple. tell the truth. >> does the prime minister agree that having failed the victims in 2006 when the government ignored the warnings and having failed the victims in 2009 when the eight hour review missed evidence in the wrong possession that we should not bail them now and i simply apportioning blame. what we need is real reform of the police, media, and politics. >> i think the hon. lady is absolutely right. we can go back over these reports and missed warnings. the inquiry will be able to do that and we should use that information, this once in a generation chance, to try and get media regulation ride. >> this is about confidence. can i ask this question? does he really feel his conduct should inspire confidence in

. >> in an emergency debate the issue was taking over bskyb. >> we have the public inquiry. congress must press to seek the truth and restore credibility to the newspaper industry and to get justice. we need to say on behalf of everyone in this country that we will not stand for the shameful and cruel practices we have seen. >> there is clear evidence of serious criminality on the part of some people that news international -- @ news international. i am referring it to call a pause for further evidence. >> will the attorney general confirm that news international with their record of wrongdoing admitted so far, if they were to apply to run a minicamp in london, they would not receive a license. if they are not proper enough to do that, how can they be fit and proper to take over the monopoly of an entire television channel? >> we've seen an abuse of power on awesome scale. >> the story often moved at a bewildering pace. "the news of the world" was closed down. the chief of the paper was arrested. >> i can assure you i have never lied. all of the information i have provided h

>> no, a lot are saying he's safe, but it's messy, he's got the head of bskyb, and the head of news corpcorp. dropped its bid for bskyb, we'll wait and see but a lot of sources are saying he should be safe for right now. >> thank you, nicole lapin, always great to see you. >>> let's take a look at breaking news. the fbi reportedly investigating a possible plot to attack ft. hood, texas, that's the army post that was the site of the deadly attack in 2009. nbc's pete williams has more for us from washington. what can you tell us, pete? >> chris, right now this is an army -- private first class who is in custody by local police in texas. what we're told is that he was actually assigned to ft. campbell, kentucky, he had been charged by the army there with possessing child pornography, and after his initial hearing, he went awol, then showed up in texas where he was overheard making statements about wanting to attack ft. hood, texas, which was the scene of that deadly shooting by major nidal hasan, a search of his hotel room, we're told, turned up explosives. right now he's in the custody of

people are speculating that this will move with "news of the world" is part of the plan to secure bskyb. let me touch on some of the other stories. a lot of optimism. we like that. a lot of optimism about america's job report in just about an hour. it has already lifted the stock markets. there's a lot of hope that the unemployment figure will be an improvement from last month's dismal numbers. analysts expect the jobless rate to remain the same, currently at 9.1%. ing financial markets -- wide there's likely to be such an increase. --i think it's part to the the related to energy. also, the implications of the japanese earthquake. those situations are changing. gasoline prices have fallen. the japanese supplier issues are unwinding, as well. mortgage rates and the u.s. have fallen. that is all providing stimulus. hopefully, if we get good jobs numbers today, that will provide a much better second half to the u.s. economy. >> today, president obama has met congressional leaders at the white house for another round of negotiations on raising the debt ceiling. republicans and democrats ha

. >> also, you must be horrified by the scandal and the fact that it's cost you the bskyb transaction and led to the closure of the "news of the world." who do you blame for that? >> a lot of people had different agendas, i think, in trying to build this hysteria. all our competitors in this country formally announced a consortium to try and step us. they caught us with dirty hand and they built this -- >> so it was the competitors that stopped you -- >> no, i think a mood developed which made it really impractical to go ahead. >> mr. sheridan, we have been very clear that serious allegations of wrongdoing have been leveled about the "news of the world" and we believed that the "news of the world" -- the actions of some reporters and people some years ago have fundamentally tarnished the trust the "news of the world" had with its readers. this is a matter of huge and sincere regret. my father's and the company's. the company's priority very much so is to restore that trust, is to operate in the right way. it's to make sure that the company can be the company that it has always aspired

shutting down the news of the world and then news corps backed out of a multimillion dollar merger with bskyb. brook's resignation today will be followed by a letter of apology by rupert murdock himself printed in british papers tomorrow. we are sorry for the serious wrong doing that occurred, it will say, we regret not acting faster to sort things out. but tonight it is clear murdock's problems aren't just here in the uk, hinckley's resignation followed an announcement from the fbi that it has opened it's own investigation into news international. u.s. lawmakers pressured the bureau to act after an unsubstantiated record that news of the world tried to hack the phones of 9/11 victims. still murdock's biggest problems are still here in the uk, on tuesday, he will appear alongside his son james and rebecca brooks to answer questions in parliament. they can expect a grilling. brian? >> stephanie gosk starting us off in britain tonight. and now david faber who has joined us from cnbc. with the impact of this so far and perhaps to come. give us a damage assessment if it all stopped today. and is

. -- bskyb. >> the scandal in the u.k.as prompted a review of journalism practiced across rupert murdoch's businesses on the other side of the world. >> and rupert murdoch's australian group is called news ltd. and its chief executive, john hartigan, has written to all staff members here in australia saying there will be a thorough internal review of all editorial expenditure in the past three years. the point of the review apparently is to make sure the payments were legitimate. it is clearly an indication that the news minister as being the key to some of trying to link the scandal in the u.k. and to australia. he said that was completely wrong and unjustified. he said that review will take place and news ltd. is clearly feeling the heat. >> some of the day's other news. reece's creditworthiness has been downgraded again -- greased's creditworthiness has been downgraded again. -- greece's creditworthiness has been downgraded again. in the report it said the economy is deteriorating. police have regained control of a pris

rupert murdoch's bid to buy bskyb is dismantling. is coming under pressure because of the hacking scandal at the "news of the world" paper. the newspaper was closed down over the weekend. the bid has to go a full competition commission investigation. that came after news corp. dropped a commitment to spinning off sky news, which had been a condition for the takeover. public opinion of morocco's a media empire is at an all-time low in britain as new allegations emerge daily of data theft and hacking at other news court papers. >> thanks. the united states has condemned syria for refusing to protect the american and french embassies in damascus from attack by government loyalists. the u.s. state department said mobs assault of both the u.s. embassy compound and the ambassadors residents, but that no staff were injured. progress government demonstrators filled central damascus over the weekend, expressing their anger at the presence of the u.s. and french ambassadors in the city that has been the center of opposition to president al ass

news corp announcing it is dropping its bid for bskyb.quiry. >> he makes an extremely powerful point. >> reporter: british prime minister david cameron is today trying to stop the political hemorrhaging of a controversy shaking his government. today taking the unusual step of siding with opposition parties against rupert murder ok -- murh and his empire. the judicial inquiry will examine relationships between media and police and politicians in the wake of the "news of the world" phone hacking scandal. tuesday a parliamentary committee grilled senior police officers who were under fire for not properly investigating the hacking allegations when they first surfaced in 2005. and whether officers took bribes from murdoch's newspapers. >> did you ever receive payment from any news -- >> good god, absolutely not. i can't believe you suggested that. no, come on. chairman, that's not fair. >> order, order. >> that's not fair. >> reporter: this committee is requesting that murdoch now appear and give his answers along with his son james and news