these hacked e-mails and heavily edited them and ran a whole bunch of pieces are actually the times of london fact that was doing it then later they published an apology actually two of them the scientists were actually vindicated and the murdoch owned london times of london ran apologies for what they said said in fact you know none of what we said was true there was no evidence that these guys were covering up or anything or bilking anybody but fox never ran that story they ran to the best of my knowledge they ran the story of oh there's something there but then when there was not to be nothing there and in fact the original source in the u.k. even murdoch own published an apology the fox news i'm guessing is a proxy of your and you probably don't know that isn't that a journalistic crime compound in an actual crime. you know i don't know if there's such thing in this case as a journalist that crime i try to watch a lot of different forums i find fox is pretty fair and balanced i know that will certainly get the ire of a lot of your audience but to say they issued an apology i think that's

well he has changed the nature of the industry and remember that when he first bought the times of london and the sunday times there were all of these predictions that he was going to turn them both into a scandal sheet and i think by any measure both the times and the sunday times are still very good newspapers i don't think he's run those newspapers there was the same prediction when he bought the wall street journal several years ago i think the wall street journal is still a very good newspaper people have been underestimating rupert murdoch for forty years and i think we underestimate him at some peril if we continue to do so in this case there are predictions that the deal for sky broadcasting may fall through i won't be so quick to make that announcement we'll see how this shakes out i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around and he basically there are people who will sa

they shut down the website for murdoch, the times of london and redirecting people about fictional story about the death of rupert murdoch. >> and japan continues to recover from the massive earthquake and tsunami. the fukushima daiichi plant has now reached stability and that the first time they have been able to stay that since the earthquake in march. the trade minister also announced officials are on track to bring the reactor to so-called cold or safe shut down within six months and radiation levels have significantly decreased. >> the coastguard rescue of a female wind surfer this morning. >> let's join amy hollyfield live at the coast station. >> apologies for the technical difficulties, the coastguard took video of it. it is incredible, this is the helicopter she was pulled to safety. this crew is only going to be out for another hour before they are going to take a break and refuel and spotted her just in time. >> as they were lowered into the bay he wasn't worried about himself. he is says he was concerned about what state kathy katone would be in. the 62-year-old had been in t

they shut down the website for murdoch, the times of london and redirecting people about fictional story about the death of rupert murdoch. >> and japan continues to recover from the massive earthquake and tsunami. the fukushima daiichi plant has now reached stability and that the first time they have been able to stay that since the earthquake in march. the trade minister also announced officials are on track to bring the reactor to so-called cold or safe shut down within six months and radiation levels have significantly decreased. >> the coastguard rescue of a female wind surfer this morning. >> let's join amy hollyfield live at the coast station. >> apologies for the technical difficulties, the coastguard took video of it. it is incredible, this is the helicopter she was pulled to safety. this crew is only going to be out for another hour before they are going to take a break and refuel and spotted her just in time. >> as they were lowered into the bay he wasn't worried about himself. he is says he was concerned about what state kathy katone would be in. the 62-year-old had been in t

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalist kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children assigned flee we've seen criminality and in various.

markets i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around.

examples that margaret thatcher he actually actually added she allowed him to add the times of the times of london the sunday times to his portfolio of properties and she was richly rewarded for that in his papers john major her successor in fact the day of the election he ran a headline that said words the effect of if if can i think it was the his opponent if he wins will the last person leaving england turn the lights out and it was a real a real effort tony blair flew to australia to get on bended need to ask to ask murdoch for his endorsement and murdoch flipped over to labor to the equivalent of the democratic party in this case it's about profit empowered not about politics for murdoch gordon brown the next prime minister attended rebecca brooks as wedding protege david cameron the current prime minister supported was supported murdoch and vice a versa and even hired andy cole some one of its editors the guy who was running news of the world when they were hacking phones as press secretary brits are waking up to the fact that murdoch has been manipulating their politics but americans the pa

is it a, "the times of london," b, the "new york times," c, "le figaro" out of france or, d, "the montrealtte." >> got to be a trick question, richard. >> absolutely a trick question. >> okay. i'm going to go all out for "le fagaro." >> i didn't really believe either but i figured were you trying to trick us. >> is it "the times of london" or "new york times." i'm just going to go for it. "the london times." >> incorrect. you both failed. "the montreal gazette." it was started in 1778. ten years ahead of "the times of london." >> you should have known. >> i'll never live this one down. >> all right. >> richard, you won. >> yeah, whatever. >> that will do it for this week. remember, we're here each week thursdays on "quest means business." and in the cnn newsroom, ali, we're also with you. >> that's right. 2:00 p.m. eastern on thursdays. keep the topics coming on our blogs at cnn.com/qmb. tell us each week what you want to talk about. see you next week, richard. >> see you next week. have a good one. [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry in london because of the whopping revolution in one thousand nine hundred six but now it's clear that success came with a heavy price tag morality.

of murdoch's british newspapers. we have two reports tonight from london. first, elizabeth palmer. liz? >> reporter: hello, bob. well, rupert murdoch testified for the very first time today and the eyes of the world were riveted on these hearings. he actually volunteered to answer the government's questions for the very first time since this scandal erupted. the man who runs the world's most powerful media empire today had the world's media running after him. but the crusty combative rupert murdoch of legend was a different man today. his wife, wendy deng at his beck next to his lawyer joel klein and his son james at his side. the murdochs waited exactly 27 seconds to say "sorry." >> this is the most humble day of my life. >> i would like to say as well just how sorry i am and how sorry we are to particularly the victims of illegal voice mail interceptions and to their families. >> reporter: but sorry didn't mean they would admit knowing about widespread phone hacking and police bribery at the now- closed "news of the world" newspaper. though the lawmakers did try their best. >> mr. murdoch, at what point did you find out that criminality was endemic at "news of th

his media empire includes the times of london, the "wall street journal" and the fox network, and he was on the verge of acquiring the british sky broadcasting satellite network. but elizabeth palmer reports the tabloid hacking scandal forced him to pull the plug on that deal today as lawmakers on both side called for investigations. >> reporter: it's a sight many people thought they would never see. media tycoon rupert murdoch in retreat. today he abandoned his controversial $12 billion plan to expand into britain's lucrative satellite television business in a surrender to public outrage and political pressure. >> what has happened to this company is disgraceful, it got to be addressed at every level, and they should stop thinking about mergers when they've got to sort out the mess they've created. >> reporter: the prime minister david cameron met today with the parents of the teen-age girl milly dowler whose stone lies at the heart of this scandal. she was murdered in 2002, but only last monday the public learned her phone had been hacked by murdoch's paper, "news of the world." and

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of londonthere are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalist ken.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry in london because of the whopping revolution a night in nearly six but now it's clear that success came with a heavy price tag morality murdoch's journalists kept the ratings high i violated and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and murdered children essentially we've seen criminality and invasion of privacy on a staggering industrial scale not even the rich and powerful could escape then chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed by journalists for to pottstown sensitive investigations private lives were made. like n