News Corp shares rise after hearing

Murdoch's prepared statement for U.K. House committee

Rupert Murdoch is driven down Whitehall in London, Tuesday, July 19, 2011, ahead of his and his son James' appearance before a House of Commons committee to face their intensely-awaited grilling on the News of the World phone-hacking scandal. (AP / Chris Radburn-pa)

News Corp. chairman Rupert Murdoch prepared the following statement for his appearance before the British parliament's Culture, Media and Sport Select Committee on July 19, 2011:
Mr. Chairman. Select Committee Members:
With your permission, I would like to read a short statement.
My son and I have come here with great respect for all of you, for Parliament and for the people of Britain whom you represent.
This is the most humble day of my career.
After all that has happened, I know we need to be here today.
Before going further, James and I would like to say how sorry we are for what has happened -- especially with regard to listening to the voicemail of victims of crime.
My company has 52,000 employees. I have led it for 57 years and I have made my share of mistakes. I have lived in many countries, employed thousands of honest and hardworking journalists, owned nearly 200 newspapers and followed countless stories about people and families around the world.
At no time do I remember being as sickened as when I heard what the Dowler family had to endure -- nor do I recall being as angry as when I was told that the News of the World could have compounded their distress. I want to thank the Dowlers for graciously giving me the opportunity to apologise in person.
I would like all the victims of phone hacking to know how completely and deeply sorry I am. Apologizing cannot take back what has happened. Still, I want them to know the depth of my regret for the horrible invasions into their lives.
I fully understand their ire. And I intend to work tirelessly to merit their forgiveness.
I understand our responsibility to cooperate with today's session as well as with future inquiries. We will respond to your questions to the best of our ability and follow up if we are not capable of answering anything today. Please remember that some facts and information are still being uncovered.
We now know that things went badly wrong at the News of the World. For a newspaper that held others to account, it failed when it came to itself. The behavior that occurred went against everything that I stand for. It not only betrayed our readers and me, but also the many thousands of magnificent professionals in our other divisions around the world.Read more....