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"Murdoch: Hacking scandal changed my entire company

By RAPHAEL SATTER, Associated Press –  LONDON (AP) — Rupert Murdoch used his testimony before a U.K. inquiry on Thursday to portray himself as the victim, not perpetrator, of a cover-up over phone hacking — a bold claim unlikely to be accepted by those suing his company for invading their privacy.

The 81-year-old media magnate apologized. He said he had failed. He noted that the corporate cleanup of the British phone hacking scandal had cost his New York-based News Corp. hundreds of millions of dollars and transformed its culture.

"I failed, and I'm sorry about it," Murdoch said, adding later: "We are now a new company altogether."

Source
http://www.google.com/hostednews/ap/article/ALeqM5jg0zg5ahxKEAAlYjQfGwQb0WlQsA?docId=2d0ff35966d643cb84dfe1e830066f02