Murdoch's News Corp. Withdraws BSkyB Bid

Rupert Murdoch's News Corp. announced Wednesday that it has withdrawn its bid for BSkyB, a major U.K. broadcaster. Murdoch is embroiled in a phone hacking scandal involving the tabloid News of the World, which News Corp. shut down last week. Steve Inskeep talks about the announcement with NPR's David Folkenflik in London.