hacking

hackingRupert Murdoch is in full retreat in the growing scandal fueled by resignations of top company executives and by Murdoch's apology to a nation. Rolling off the printing presses today, on what some have called the media magnate's day of atonement, are full-page ads in major British dailies: "We are sorry for the serious wrongdoing that occurred" in Britain's growing phone hacking scandal. Murdoch is struggling to contain the phone hacking scandal that has entangled his company, News Corporation, and has resulted in the arrest of nine people, reports CBS News correspondent Dana Lewis

. On Friday Les Hinton, CEO of Murdoch's Dow Jones (which publishes the Wall Street Journal), handed in his resignation. Hinton ran News of the World, the paper at the center of the hacking scandal, from 1995 to 2007. That resignation came on the same day News International chief executive Rebekah Brooks also bowed to pressure to step down. Yesterday the media mogul apologized in person after meeting the family of murdered school girl Milly Dowler whose phone was hacked by Murdoch's News of the World in 2002. "As founder of the company, I was appalled to find out what had happened," he said.

hacking