News Corp Live Blog

In a further blow to Rupert Murdoch, a $2 billion takeover bid by an Australian pay-TV business part-owned by his News Corp is expected to be blocked by the country's competition watchdog.

The bid by Foxtel, in which News Corp has a 25 percent stake, for rival Austar will create a pay-TV monopoly, the Australian Competition and Consumer Commission (ACCC) said. Austar shares plunged as much as 20 per cent.

The commission insisted its preliminary finding had nothing to do with the phone hacking scandal engulfing News Corp in Britain, which prompted Murdoch to abandon a separate pay-TV deal to fully take over British firm BSkyB .

The outgoing head of London's police said on Tuesday that his resignation statement was not an attack on the way Prime Minister David Cameron had handled a phone hacking crisis.

"I was taking no such swipe at the prime minister," Paul Stephenson told a parliamentary committee investigating the crisis engulfing Rupert Murdoch's News Corp media empire and the police.

Stephenson announced his resignation on Sunday after it emerged that the force had hired Neil Wallis, a former deputy newspaper editor now implicated in the scandal, as a media adviser.

In his resignation statement, Stephenson appeared to be contrasting his behaviour with that of Cameron, who employed former News of the World tabloid editor Andy Coulson as his communications chief.

On Tuesday he told the committee he agreed with Cameron that the two situations were not comparable. "Of course the employment of Mr Coulson and the employment by the Met (police) of Mr Wallis was entirely different," he said.   -  Reuters

London police chief Paul Stephenson, who resigned from his post on Sunday, is being questioned before British parliament. We will be live blogging statements from the parliamentary investigation here and on Twitter.

The council chair asked, "As far as you're concerned, nobody asked you to go?"

Stephenson: "That's absolutely right, chair... The Home Secretary was very shocked and saddened... It was my decision and my decision only."