damaging hit to the credibility of top news executive james murdoch. a new e-mail suggesting he was informed about the damaging allegations against his news of the world newspaper back in 2008. this revelation coming just weeks after murdoch testified he was unaware of illegal ease dropping. in a letter, he concedes he replied to the e-mail but does not admit reading it. >>> and 4,000 local post offices and 250 mail processing centers set to shut down in april. agreed to delay that to mid-may to give congress time to save the debt ridden company from bankruptcy. it will lose $14 billion next year. >>> the federal communications commission will now require broadcasters to maintain constant volume levels for programs and commercials. this new rule takes effect next december. it gives them time to come up with waves to smooth the differences in the audio levels.

murdoch and james much more regularly than that is when i was his staff. >> was a day, twice a day? >> and his travel schedule call because of his wallet responsibilities. and that would touch a rupert murdoch quite regularly. .. as i explained he dominant lead as the legal manager for the news of the world and the legal team of the other newspapers said the was the current situation. >> did you know when you entered news of the world did you know that he was an informant to the police? >> no >> is that true? >> is in the evening standard. they quoted cord reports dating back to 2000 when he set himself up after a case after the intelligence in court and they said there was a substantial volume of information that was useful to the police. it said also sources close to them and this is a quote, people read the type of news international were aware of his role with the police. >> i was not aware that was the case. >> that is a complete shock to you? >> you are telling me now but i'm not even sure what it means. if you are asking me about did members of the press and members of the pol

james murdoch. you made a statement on the 7th of july in which you stated that the paper had made statements to parliament without being in the full possession of the facts, and that was wrong. you essentially admitted the parliament had been misled in what we were told. can you tell us to what extent we were misled and when you became aware of that? >> mr. chairman, thank you very much, and i'd like to say as well how sorry i am and how sorry we are to particularly the victims of illegal voice mail interceptions and their families. it's the matter of great regret of mine, my father's, and everyone at news corporation and these are standards, these actions do not live up to the standards that our company aspires to everywhere around the world, and it's our determination to both put things right, make sure these things don't happen again, and to be the company that i know we've always aspired to be. as for my comments, mr. chairman, in my statement, which i believe was around the closure of the news

the last stage craft nomination, a guy who was fully rehearsed for his big moment as rupert and james murdoch testified on the phone tapping scandal. >> both murdoches tried to stay above the fray that is until the fray came to them in the form of a guy with a cream pie aimed right at the face of the patriarch. chris: everybody weas got to get in the act. everybody plans this stuff. it's all p.r. >> i don't know i saw it at the time but secretary clinton's reaction -- >> that's exactly what you want. she didn't plan that at all. >> that's the hillary clinton that should have run for office of the presidency. chris: she did not avert her glance, by the way. she took a good look at this guy. >> that was my thought i wanted to give the award to hillary for handling it so well. she has a great belly laugh. that was totally authentic. chris: she didn't go like this, oops. every year we hope we can skip the prize for the year's biggest cad. there's an old-world name, cad. but not this year. nominees for biggest cad of 2011 are, how can we resist, dominique strauss-kahn, married man, i.m.f. head who

and he did so alongside his son and chief executive of news international, james murdoch. >> this is e most humble day of my life. >> reporter: the humiliation didn't end there. a foam pie intended for murdoch's face was stopped in its tracks by his wife, wendy. throughout, the 86-year-old media mogul seemed old and frail. >> i don't know. that is the first i've heard of that. i can't answer. i don't know. >> reporter: a far cry from the young and ambitious man who bought britain's oldest paper, "the news of the world," in 1969. murdoch made "the news of the world" the tabloid for raunchy headlines and racy scoops. the most widely read weekly paper in britain. readers were shocked to discover the routeless methods the tabloid used. rupert murdoch personally apologize apologized. it wasn't enough to save the paper. >> 7.5 million readers, this is for you. >> reporter: remember this? this is the last edition of the once venerable "news of the world." the paper reported on the sinking of the titanic. but it didn't survive the phone hacking scandal. here in britain murdoch's media empire

last stage craft nominee, the guy who was fully rehearsed for his big moment as rupert and james murderoch -- murdoch testified on the phone tapping scandal the >> both tried to stay bove the fray until the fray came to them in the form of a cream pie aimed at the face of the patriarch the chris: everybody plans this stuff. it's all p.a. -- >> i don't know that i saw it at the time, but secretary clinton's reaction -- >> that's the hillary clinton who should have run for office. >> and that was my thought. i wanted to give the award to hillary for handling is -- it so well. she's got a great belly laugh, it was totally authentic. chris: every year we hope we can skip the year -- prize for the year's biggest cad. there's an old-word name, cad. but the nominees for 2011 are, how could we recyst? dominique strauss kaun. the married man who had sex with a hote medical maid. arnold schwarzenegger who had sex with a housekeeper. and anthony winer, sending out those embarrassing cell phone pictures. herman cain with all the allegations about harassment, tommed op with the 13-year a -- affair. katty kay? >>

andrea joan will continue to serve as executive chairwoman for that company. >>> james murdoch was informedions against his "news of the world" newspaper back in 2008. this revelation coming just weeks after murdoch testified he was unaware of the illegal eavesdroppi eavesdropping. he concedes he replied to that e-mail, but he doesn't admit that he read it. >>> $50 million, that's how much the government will save now that it stopped minting the special presidential $1 coins. the treasury says that there are about a decade worth of those extra coins because no one wants them. of course, $50 million is, what, 0.004% of the deficit. the pieces of paper that created apple, one of the world's most valuable companies hit the auction block. the founding documents sold for $1.3 million. they were sold to a firm in miami. those documents, by the way, were signed on april 1st, 1976 by steve jobs, steve wosniak and steve wayne who backed out of the agreement two weeks later. >>> up next, leaving iraq, only a few thousand troops remain. we're live in kuwait as a war comes to a close. "american morning

and contrary to his claim, james murdoch may indeed have known about widespread hacking that went on.pretty sure he showed the e-mail evidence to murdoch in 2008, years before the scandal broke. yesterday, parliament posted that he was warned about hacking. and facebook takes a step to help prevent suicide. a new mechanism allows users to anonymously flag suicidal posts. facebook then investigates and may come back with an e-mail offering the person a private chat with representative. and liz taylor's jewelry seem to carry the same allure. her collection brought a record breaking $150. that includes the diamond that fetched $8.8 million and the 50 karat pearl, it sold for $11.8 million. this was given to her by actor richard burton and was once part of the spanish crown jewel. they say that's the highest reported price ever for a pearl at an auction. a gorgeous piece of jewelry. $11.8 million. someone's going to have a nice holiday present there. not even close. >> thanks very much. >>> we're waiting for newt gingrich. he's getting record to take reporte reporters' questions in iowa.

. >> you look at james murdoch's testimony, you look at piers morgan's testimony, it looks like thesethin tightrope. >> just the clips of that testimony are preposterous. a newspaper editor who says he only knows 5% of what his journalists were up to? >> nobody believes that. >> that's ridiculous. >> the fact is -- the odd thing is about the two cultures, our press culture and their press culture, i'm not at all surprised there was hacking going on and i'm confident there was a lot more than even we've heard about because it's katie bar the door over there in the tabloid world. the brits who come here say you're all a bunch of limp-wristed liberals that you don't want to do what's required to do to be a great journalist. on the other hand they have got the press council in which you can win libel suits and so it's an odd mix of things that is going on. >>> up next, some of -- one on ones with some of the biggest names in sports. we'll have that in a moment. it's like having portable navigation. a bluetooth connection. a stolen vehicle locator. roadside assistance. and something that c

the intriguing possibility he was sort of vaguely mentioned by lord justice levin son that james and rupert murdoch could be called. >>> first, for you political junkies, the iowa caucuses are the first time the voters weigh in on the presidential candidates but it hasn't always been that way. what year were the iowa caucuses first used to kick off the nomination process. 1932, 1916 or 1972? if you know the answer, send me a tweet. i'll give a shout out to the first person with the right answer when we come back. ♪ sen♪ co-signed her credit card - "buy books, not beer!" ♪ ♪ut the second at she shut the door ♪ ♪ girl started blowing up their credit score ♪ ♪ she bought a pizza party for the whole dorm floor ♪ ♪ hundred pounds of makeup at the makeup store ♪ ♪ and a ticket down to spring break in mexico ♪ ♪ but her folks didn't know 'cause her folks didn't go ♪ ♪ to free-credit-score-dot-com hard times for daddy and mom. ♪ >>> welcome back, a moment ago i asked you this, what year were the iowa caucuses first used to kick off the presidential nomination process. if you said c, 1972? you are right. a

. >> rupert murdoch and his son, james, were grilled by parliament, then forced to pay millions in compensation the u.s., we saw french leader's future crumble in a new york courthouse. dominique strauss-kahn once hailed as the future president of france, resigned as head of the international monetary fund after being accused of raping a hotel housekeeper. the charge was later dropped. the former leader of a 10,000-member fundamentalist mormon sect wasn't so lucky. he was convicted of sexually assaulting a 12 and 15-year-old girl. in arizona, jared lee loughner gunned down congresswoman gabbie giffords in a parking lot. she was shot in the head, but managed to survive. loughner was declared incompetent to stand trial in 2011, but may face the death penalty in the future. troy davis lost his fight on death row though he maintained his innocence until the end. >> this night, a state of georgia legally lynched a good, brave and innocent man. >> davis was put to death for the 1989 murder of an off duty savannah police officer. even world figures like pope benedict and president jimmy carter had urg

at 28 past the hour, the "new york times" says e-mails from 2008 appear to show that rupert murdoch's son james was told details of the hacking scandal at "news of the world" the tabloid. the e-mails were released yesterday by a parliamentary panel. james says he opened the e-mails on his blackberry, but did not read them. >> did not read them, but responded to them. >> don't act like you don't do that. >> this is big problems. so anyway -- >>> here's one from our parade of papers. birmingham news says a new space venture is coming to huntsville, alabama. paul allen announced he's starting a company there's that going to build a giant plane to launch rockets into space for satellites, cargo, and eventually tourism. the project puts allen in competition with british billionaire richard branson and amazon founder who are working on their own commercial space enterprises. and of course, huntsville, alabama, willie, has long been the space central in the south. >> it sure has. i'm going to wait until they work out the kinks on the rich guy airlines, second generation of those flights, i think. let'