Fallout after Murdoch testimony – how did the News Corp. head handle grilling?

Calling it the "most humble day of his life," Rupert Murdoch asserted yesterday that he did not know about the phone hacking at News of the World when he testified before Parliament alongside his son, James, and former News Corporation top executive Rebekah Brooks.

Paul La Monica, Assistant Managing Editor of CNNMoney.com and author of Inside Rupert's Brain, discusses his reaction to Murdoch's testimony with Kiran Chetry and Ali Velshi on American Morning today, explaining what kind of damage he thinks the scandal could have on Murdoch's media empire.