News Corp. backs Murdoch as CEO News Corp chief Rupert Murdoch (R) his wife Wendi Deng (C) and son Lachlan (L) leave their London home. Ru...

News Corp. backs Murdoch as CEO

News Corp chief Rupert Murdoch (R) his wife Wendi Deng (C) and son Lachlan (L) leave their London home. Rupert Murdoch admitted Thursday there was a a "cover-up" over phone hacking at Britain's News of the World tabloid, but said he too was misled over a scandal that would blot his reputation for ever

News Corporation Chief Executive and Chairman, Rupert Murdoch, leaves with his wife Wendi after giving evidence for the second day at the Leveson Inquiry at the High Court in London April 26, 2012. REUTERS/Olivia Harris (BRITAIN - Tags: MEDIA SOCIETY ENTERTAINMENT CRIME LAW POLITICS BUSINESS)

News Corp chief Rupert Murdoch (R) his wife Wendi Deng (C) and son Lachlan (L) leave their London home. Rupert Murdoch admitted Thursday there was a a "cover-up" over phone hacking at Britain's News of the World tabloid, but said he too was misled over a scandal that would blot his reputation for ever News Corporation Chief Executive and Chairman, Rupert Murdoch, leaves with his wife Wendi after giving evidence for the second day at the Leveson Inquiry at the High Court in London April 26, 2012. REUTERS/Olivia Harris (BRITAIN - Tags: MEDIA SOCIETY ENTERTAINMENT CRIME LAW POLITICS BUSINESS) News Corp. chairman Rupert Murdoch, right, and his wife Wendi Deng sit in the back of a car as they are driven to the Leveson inquiry at the High Court in London, Thursday, April 26, 2012. (AP Photo/Matt Dunham)

Demonstrators dressed as James (L) and Rupert Murdoch protest outside the High Court in London April 24, 2012. James Murdoch gave evidence on Tuesday to the Leveson Inquiry into the culture, practices and ethics of the media at the High Court in London. REUTERS/Paul Hackett

News International Chairman, James Murdoch (L), his father Rupert (C), and a minder are seen leaving the Stafford Hotel in central London in this July 10, 2011 file photograph. REUTERS/Olivia Harris/Files

Committee members react after a protestor, left checked shirt , named on Twitter as Jonnie Marbles, tries to throw a paper plate covered in shaving foam over Rupert Murdoch as he gave evidence to a House of Commons Committee in London, Tuesday July 19, 2011, on the News of the World phone hacking scandal.(AP Photo/pa) UNITED KINGDOM OUT: NO SALES: NO ARCHIVE:

A day after the Parliament committee investigating phone-hacking declared Rupert Murdoch "not fit" to lead a major media company, News Corp.'s board of directors announced on May 2 its full vote of "confidence" in their chairman and chief executive.