Rupert Murdoch's told the Leveson Inquiry into press ethics he failed to do enough to prevent phone hacking at the News of the World, and is sorry.

He admits he didn't pay close enough attention to the situation at the now defunct paper and 'panicked' in deciding to close it after claims journalists hacked into the voicemail of murdered schoolgirl Milly Dowler.

Mister Murdoch says he believes News International bosses fell victim to a "cover-up" at the paper, and he blames one or two people.

But maintains senior executives were "shielded" from what was going on: