Australian-born American Chairman and Chief Executive Officer of News Corporation with an estimated net worth of $15.2 billion at the time of giving evidence. Gave a brief history of his organisation from the founding of the Adelaide News to date. Among other matters, was asked about the admission in the diaries of Woodrow Wyatt, a confidant of both Murdoch and Margaret Thatcher, that he "bent... all the rules" to enable acquisition of The Times and Sunday Times without the bid being referred to the Monopolies and Mergers Commission. Murdoch outlined his different understanding of the process. In lengthy evidence over several days, Murdoch admitted that the phone-hacking affair had left a serious blot on his reputation.
