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Rupert Murdoch: I should have closed News of the World earlier

journalism.co.uk :: Rupert Murdoch has told the Leveson inquiry he is "sorry" he did not close the News of the World "years before" and replace it with Sunday edition of the Sun. Asked by Robert Jay QC about last July's decision to close the 168-year-old title, after the Guardian's revelations on the Milly Dowler phone hacking, Murdoch said: "I panicked - but I'm glad I did."

Continue to read Paul McNally, www.journalism.co.uk

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