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Phone hacking: Murdoch counts cost of NoW drama

It is the end of the line for the News of the World, but questions remain over the implications that the newspaper's demise may have on News International and News Corporation.

Shares in News Corp fell 8% on Friday after the regulator Ofcom said that allegations of phone hacking and corruption at the newspaper were relevant to its judgement on the proposed takeover of BSkyB.

Robert Peston reports.

Go to next video: Ed Miliband reacts to NoW closure