Murdoch Admits News of the World Cover-Up

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April 26 (Bloomberg) -- In today's "Movers & Shakers" Bloomberg's Betty Liu reports that Rupert Murdoch told a U.K. media-ethics inquiry that he failed to prevent the phone-hacking scandal at News Corp.’s News of the World tabloid and blamed employees and lawyers for covering up the crime. She speaks on Bloomberg Television's "In The Loop."