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Rupert Murdoch Calls Inquiry Appearance His "Most Humble Day" 

Rupert Murdoch described an appearance before British lawmakers Tuesday to answer questions over alleged phone hacking by News of the World as "the most humble day of my life."

Rupert Murdoch described an appearance before British lawmakers Tuesday to answer questions over alleged phone hacking by News of the World as "the most humble day of my life."

News of the World reporters have been accused of illegally accessing thousands of cellphone voice mails of celebrities, politicians, rival journalists and even murder victims.

Lawmakers are seeking to uncover the extent of criminality at Murdoch's News of the World tabloid.

James Murdoch on Tuesday told a legislative panel that he and his father had “great regret” about the phone-hacking at the tabloid newspaper owned by the Murdoch media empire.

James Murdoch, 38, the heir apparent who has been chairman and CEO of News Corp.'s European and Asian operations since 2007, told British lawmakers that "these actions do not live up to the standards our company aspires to," the Globe and Mail reports

The two men were being grilled before an appearance by their former U.K. newspaper chief, Rebekah Brooks.

Asked by lawmakers why there was no investigation, the 80-year-old chief executive officer of New York-based News Corp., whose media empire spans Asia, Europe and the United States, said "I didn't know of it," the AP reports

But Rupert Murdoch did acknowledge "that he did not investigate after Brooks said the News of the World had paid police officers for information."

He also said the News of the World was "less than 1 percent" of his News Corp., which employs 53,000 people.

James Murdoch, meantime, said the company acted as swiftly and transparently as possible when faced with accusations that its journalists hacked into the voice mail of celebrities, politicians, other journalists and even murder victims.

News of the World was shuttered after what Rupert Murdoch told lawmakers was a "discussion" between he and his son, senior executives, the News Corp. board and Brooks.

Asked by a lawmaker Tuesday whether there was a financial motive for closing the paper, Rupert Murdoch reportedly said: "Far from it."

Murdoch also gave up his bid for Britain's British Sky Broadcasting (BSkyB) last week amid criticism from lawmakers — including British prime minister David Cameron, over the alleged phone hacking.

Brooks, who resigned Friday as News International's chief executive, was arrested Sunday and released on bail 12 hours later. She is seen as having brought the British police investigations into phone hacking into the media baron's inner circle.

The prime minister, meanwhile, cut short a trade trip to Africa to fly home.

Cameron and Brooks had been friends and neighbors, who were photographed going riding together and who socialized at Brooks’ Oxfordshire home over the Christmas period.

Cameron has also been criticized for his decision to employ News of the World editor, Andy Coulson, as his media chief until January, Bloomberg reports. Coulson was also arrested earlier this month over hacking.

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