Murdoch: This Won't Sink Us

Even with the FBI and British parliament snooping around now, Rupert Murdoch thinks News Corp will come out of this phone hacking mess just fine, thank you very much. In an interview with the Murdoch-owned Wall Street Journal, he says the damage is "nothing that will not be recovered," adding that the company has "a reputation of great good works."

Murdoch defended the handling of the scandal by himself ("When I hear something going wrong, I insist on it being put right") and son James ("I think he acted as fast as he could, the moment he could"). He also promised an independent investigation into the hacking. Click for the full interview. Or click here to read why Tunku Varadarajan of the Daily Beast thinks Murdoch's pledge to conduct his own inquiry is a joke.