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Rupert Murdoch Apologizes

Rupert Murdoch took out full page ads in all of Britain's major newspapers today to apologize for the phone hacking scandal which is threatening to bring down his media empire. Initial reaction falls squarely under "too little, too late."

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A newspaper is opened to show the advertisement apology for News International and photographed at a news vendor in central London, Saturday, July 16, 2011. News Corporation chairman Rupert Murdoch signed the company advert entitled "We are sorry", which is published in British national newspapers Saturday. The News International publication News of the World is accused of hacking into the mobile phones of various crime victims, celebrities and politicians. (AP Photo/Sang Tan)

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