's multibillion-dollar bid to take full control of British Sky Broadcasting Group PLC.

WSJ: Leveson Report Urges 'Self-Regulation' of U.K. Press

It has also forced the company to abandon its bid to take full control of pay-TV company British Sky Broadcasting Group PLC.

WSJ: Hackers Claim 'Sun' Site Hit

's bid for full ownership of British Sky Broadcasting Group PLC.

WSJ: Rupert Murdoch Has Change of Heart on Publishing Business

The scandal last year prompted News Corp. to retreat from its bid to acquire 100% control of British Sky Broadcasting Group PLC.

WSJ: Eight Charged With Phone-Hacking Offenses in U.K.

James Murdoch left his position as chief executive of British Sky Broadcasting Group PLC in December 2007 to become head of News Corp.

WSJ: Two Former News of the World Executives Dispute James Murdoch Testimony

's attempts to buy the 60.9% of broadcaster British Sky Broadcasting Group PLC that it doesn't own, promising to hold a Parliamentary vote to delay the deal until investigations into the News of the World are finished.

WSJ: Police Feel the Heat in U.K. Tabloid Scandal

The hotly anticipated appearance came the day after his son James Murdoch, the company's deputy chief operating officer, was grilled for hours about allegations that News Corp. was too cozy with Jeremy Hunt, the British government minister who oversaw a regulatory review of what would have been the company's biggest deal ever its effort to gain full control of British Sky Broadcasting Group PLC.

WSJ: News Corp. Chief Faces Inquiry