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After the biggest single reverse of his career, the News Corp chief faces an appearance before a judicial inquiry and a fight for the right to broadcast in the UK Rupert Murdoch has capitulated to parliament and abandoned News Corporation's £8bn bid for BSkyB, as he faced the prospect of appearing in front of a judicial public inquiry to salvage his personal reputation and the right for his company to continue to broadcast in the UK. After 10 days of sustained public outcry over phone hacking, and facing the prospect of a unanimous call by MPs to withdraw his bid for total ownership of the...