rebekah brooks, the chief executive of news international, and dow jones c.e.o. les hinton stepped down. >> tom: norwegian cruise lines is setting sail for the stock market. the miami-based company filed for an initial public stock offering today. it hopes to raise $250 million to repay debt. no word on when it will come to market, but it will trade on nasdaq under the ticker n-c-l-h. also heading the nasdaq? zillow. the real estate listing service today detailed its stock offering plans. it hopes to raise $71 million by selling 3.5 million shares priced as high as $18 a share. it gets the coveted single- letter ticker "z." >> susie: even though investors have a long worry list, tonight's "market monitor" is still optimistic about the outlook for the markets. he's ted cronin, c.e.o. and chief investment officer at manchester capital. the vermont-based investment firm manages almost $2 billion in assets. nice to have you on the program, welcome to your first market monitor. >> thank you very much, it's a pleasure to be here this evening. >> susie: since this is your first ti

c.e.o., rebekah brooks. hours later in the u.s., the resignation on les hinton, c.e.o. of dow jones, which publishes the "wall street journal." gone are two key executives who served as firewalls in the growing scandal of phone hacking. >> the thing about firewalls is that they eventually burn through. they just delay a fire, they don't stop it. >> reporter: next in the line of fire? murdoch's son james, who has admitted to writing checks to victims of phone hacking. both murdochs face parliament on tuesday. one of those to grill them is tom watson. >> i want to know was he aware a crime had taken place, who gave him the advice, those kind of things. i would like rupert murdoch to tell us what he knew as well. >> reporter: and finally, scrambling on high ground is britain's prime minister, under pressure to showing the extent of his relationship of his relationship with the murdochs, he was forced to release records showing 26 meetings with them or their employees since they took office. he also hosted james murdoch and rebekah brooks at his official country residence. cameron like

published an apology for what's going on eight news corp employees have been arrested les hinton today the c.e.o. of jones a guy who's been with rupert murdoch for thirty forty years resigned might be going to jail i mean it's possible if he perjured himself before before parliament twice he was the chairman of news international from ninety five to two thousand and seven so is the handwriting on the roll on the wall and and if so can we at the very least if iraq doesn't go down can we have them at least take a. news out of fox news. i mean british tabloids are notoriously sleazy and i would be surprised if you don't find other tabloids who engage in a sleazy beating the new york post. whatever it is that if they did something illegal to get i guess i didn't say and i'm. frankly not surprised but i doubt if they're it's about that they get that so many legal that they got information and they published it was that rich of the new york times publishing wiki leaks documents sorry i have far more problem of them publishing those legal documents which they eat legally and then then i do have these so you know

the nine eleven attacks and at the rupert murdoch's right hand man les hinton a fifty year veteran for murdoch and c.e.o. of gal jones is to leave the company because of the hacking scandal but if that's not enough to convince you with out all of that my colleague. in new york found plenty of evidence that those scandalous u.k. tactics are already here. fix drugs cheating and lies phony political scandal flashing dirty laundry racy made up celebrity gossip and crime stories almost beyond human imagination. old list is served on a platter and sold for a couple of quarters by tabloids headless man in topless bar or something. in the freezer. like i thought they were a journalist michael musto is one of millions falling for the bait after catchy headlines even though he knows the business inside out in america we don't break the law per se but they do have sleazy tactics i mean they will slam a story they probably make up sources i mean when you read them a source. a source said well who is it many times they can just make up the quote themselves. from queen said blah blah blah a lot of times i feel they're just inventi

or murdoch's media empire continues to grow each day last friday les hinton publisher of the wall street journal and the c.e.o. of dow jones resigned over the weekend former news of the world at the rebecca brooks was arrested salim yard chief paul stephenson stepped down on sunday night and by today john gates the assistant commissioner was also on his way out at the request of certain members of congress eric holder and the justice department have now launched an investigation into whether or not because of nine eleven had also been hacked and bloomberg reported today that news corp's independent directors have begun questioning the company's response to the crisis and whether a leadership change is needed and he cited unnamed sources there so even time to start questioning if murdoch's time as the media mogul's coming to an end and is this the scandal that the left has been waiting for you and me to discuss it is katrina vanden heuvel editor and publisher of the nation magazine katrina thanks so much for joining us tonight it's been a while since we've had you on the program now what do you think is murdoch is he going

since 2007, les hinton has been c.e.o. at dow jones and company, publisher of the "wall street journal." but for 12 years, he chaired the company that oversaw the british tabloids now involved in the scandal. he said in a statement today he was ignorant of what apparently happened, but felt it proper to resign. for more on that part of the story, i'm joined now by rem reider of "american journalism review." thanks for being with us. >> my pleasure. >> so tell us a little bit about mr. hinton who he is, how important is this resignation? >> well, it is very important. and it's very inevitable. hinton has been very close to murdoch for a long time and has quite a good reputation, actually n this country for his work at the journal. his problem was the fact that he oversaw the news of the world during the years of the hacking, and not only, you know, took any steps to halt t if he indeed knew about t he says he didn't, but twice assured parliament that the hacking was the work of a single rogue, that there was no systematic effort, that t